Podcast: Why Iron Ore Is $US70 Per Tonne

About the author:

Michael Knox
Author name:
By Michael Knox
Job title:
Chief Economist and Director of Strategy
Date posted:
30 November 2018, 11:46 AM

I recently spoke about the how the price of iron ore is set to increase in light of trends evident in the stocks to consumption ratio:

"We did this model last week and the iron ore price then was $US75 a tonne. We forecasted the model would fall down to $US70 a tonne. That’s already happened. It’s fallen below that, and now the iron ore market is cheap."

I discussed this in my latest presentation to the network:

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