Daily iron ore price update (Baltic up)

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by Chris Becker

The iron ore price surged again yesterday, with spot prices up nearly 4% while futures gravitating around the new S&P price forecasts stemming from the Vale supply shortfall.

S&P revised its price assumptions to $90 a tonne for the remainder of 2019 from $75, $80 in 2020 from $70, and $70 in 2021 from $65.

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