Iron ore gushes from every earthly orifice

Friday 2 August 2024

Qingdao iron ore is at $97.94 this morning.

Yesterday, Shanghai rebar finally managed a little bounce yesterday but, again, it was very unconvincing. SGX jaws are still wide:’

Thank god somebody else has noticed. Goldman:

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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.