Daily iron ore price update (no cyclone)

Iron ore price charts for January 15, 2019:

Spot fell. Paper is firm. Steel treading water. Chinese port inventories of ore fell to 127.9mt last week. This is marginally bullish given it has heppened during price strength.

The excitement raised by Tropical Cyclone Claudia is over:

Prices are very high. Barring another storm they will probably fall away from here even in the short term.

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