Daily iron ore price update (Chinese NY)
Advertisement
The iron ore price complex is pricing in an ebullient start to the Chinese New Year:

Next week is a long holiday for Chinese New Year and it looks like restocking is at play once again but its all in futures trading, not spot prices. More from Reuters/AFR:
Advertisement
Steel traders and buyers are expected to restock around mid-February when most in the market would be back at work, said CRU analyst Richard Lu.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
Advertisement