Daily iron ore price update (China’s struggles)

Iron ore prices for September 22, 2020:

Empty apartment sales have softened:

China is struggling big time to lift the consumer as they save their butts off:

Which leads only to the conclusion that MOAR empty apartments and MOAR bridges to nowhere are coming.

Brazil is slowly doing better with the virus:

I still see this price action as seasonal and will buy the dip soon.

David Llewellyn-Smith

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