Daily iron ore price update (Brazilian recovery)

Iron ore prices for September 1, 2020:

Still strong pricing action.

Chinese empty apartments likewise:

And Brazilian virus:

Brazil released export numbers yesterday and they were OK but nothing great:

Volumes are nearly restored to pre-COVID levels so that is some risk out of the market. But it remains to be seen if volumes can increase while the virus holds the nation back.

I’m still bullish beyond the coming seasonal dip.

David Llewellyn-Smith

Comments are hidden for Membership Subscribers only.