Daily iron ore price update (steely concern)

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by Chris Becker

The iron ore complex is having a mixed start to the week due to the Singaporean holiday, with spot prices and 12 month Singapore futures unchanged, while Dalian futures dropped on increased US tensions:

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Westpac are still moderately bullish with a $100US per tonne forecast, but see a decline down to $87 by the end of 2021 as supply concerns mount:

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