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.