Chinese slowdown continues for iron ore

David Llewellyn-Smith

Sunday 14 May 2023

A mixed bag of data today for iron ore prospects. Chinese property sales have rebounded post-holiday:

However, the transmission to starts is even more blocked this week than last as developer junk spreads blow out:

And excavator use hit a new low for the cycle:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.