Iron ore inexplicable

Wednesday 17 September 2025

There are days when an investors’ patience is tested. Yesterday was one for iron ore.

Chinese data was bad. Not so bad as to expect imminent super stimmies but bad enough that commodity prices should have taken a hit given the weakness was most notable in commodity-intensive sectors.

Goldman gives us a brief wrap

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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.