Daily iron ore price update (empty apartments tank)

Iron ore prices for October 12, 2020:

Spot down. Paper too. Coking coal is flying on the Aussie bans.

Chinese empty apartment sales have fallen off the proverbial:

While Brazil is doing OK with the virus:

Things are looking considerably less rosy here. If those property sale don’t turn soon then iron ore is going to tank.

My bet is the seasonal weakness still has further to run.

David Llewellyn-Smith
Latest posts by David Llewellyn-Smith (see all)

Comments are hidden for Membership Subscribers only.