Daily iron ore price update (hostage)

Texture from Reuters:

Reuters, citing trade experts and people close to the White House, reported that completion of the “phase one” trade deal could slide into next year, while Bloomberg quoted Chinese Vice Premier Liu He as saying he was “confused” about U.S. demands, but was confident that an agreement could be reached.

Everything is hostage to this right now. Not much else to say. To the charts:

I still expect firm pricing through year end unless it all falls apart.

David Llewellyn-Smith
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