Iron ore prices for February 6, 2020:
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Spot and paper jumped on the tariff cuts but that won’t last. Coking coal is running on feared Chinese supply disruptions. I’m not sure why. Much of Chiense volumes are in the north west which is relatively virus clear. It’s n0t as if trains carry the virus, either. It is true that China imports much less in percentage terms than iron ore so that may explain it.
You have to wonder why it would continue. Here is the problem:
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