Another dead cat bounce for iron ore

David Llewellyn-Smith

Tuesday, 9 April 2024

Iron ore went nuts yesterday, as it is want to do on the Dalian exchange:

Coking coal was a less volatile partner:

There was zero support from Chinese steel futures but SGX joined in:

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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.