Iron ore is drowning, not waving
There are loads of articles around today claiming a new iron ore boom as the price moves above $100. These are completely wrong. The only thing booming in iron ore is shipping rates, as diesel cracks go nuts. This is absorbed into the daily CFR price, which the market generally uses, but it is a The post Iron ore is drowning, not waving appeared first on MacroBusiness .
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
