Daily iron ore price update (monetary)

Iron ore prices for August 5, 2020:

Spot up. Paper up more. Iron ore has now caught the monetary tailwind out of the falling US dollar.

Chinese empty apartments are still fine:

Brazil is still sick:

But it has exited shutdown more swiftly than elsewhere:

I’m still hanging on. But if we get one more month of climbing exports from Brazil I’ll sell into September.

David Llewellyn-Smith
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