Daily iron ore price update (’tis seaonal)

Iron ore prices for 17 September, 2020:

Lot’s of media panic about the peak is in blah, blah, blah. This is classic seasonality:

BTFD. China has the credit pedal to the metal and given what will be a shite global recovery will have to leave there in 2021:

And there’s lots more restocking of ore coming as well.

No sustained and material peak (at least in average prices) until mid-next year.

David Llewellyn-Smith
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