Daily iron ore price update (flying high)

Iron ore price charts for November 25, 2019:

Spot flying. Paper flamed out. Steel flying.

Typical year end restock. I’m not sure why steel is so excited. Things are not getting better for it. General global recovery hope, I guess.

More price strength over the next few months, barring an invasion of Hong Kong.

David Llewellyn-Smith
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