Iron ore roars out of Chinese new year

Tuesday 24 February 2026

Chinese markets are open again, and dirt is flying.

This is a typical post-Lunar New Year bounce, yet I am opting to look through it this year to the June seasonal headwind because the market remains fundamentally weak.

Witness China bullying around iron ore price assessments.

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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.