Daily iron ore price update (bottom in?)

Iron ore prices for October 28, 2020:

Spot up. Paper up. Everything up.

Empties are back:

It is entirely possible that we’ve bottomed here. Year-end restocking is a very powerful force:

I can’t see iron ore flying away as global markets melt but buying the crash in miners is a good short term play into Q2 next year.

Not advice!

David Llewellyn-Smith

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