Daily iron ore price update (Hedland)

Iron ore prices for November 12, 2020:

Spot down. Paper more. Still waiting on steel.

Empties are still fine if cooling:

Aussie supply is pouring out with Port Hedland near record highs:

No change from me. Firm prices through new year. La Nina risks in Q1. Down from there.

David Llewellyn-Smith

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