Daily iron ore price update (seasons)

Iron roe prices for June 4, 2019:

Spot up. Paper soft. Steel stable.

Things have calmed down on demand fears but don’t forget seasonality. Chinese demand is weak through mid-year as summer rains crimp construction:

If Brucutu does not return by July/August, and/or the trade war slowdown takes a breather, then it will be off to the races again as steel mills restock.

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