Daily iron ore price update (PMI)

By David Llewellyn-Smith in Commodities, Iron ore price

at 9:00 am on November 2, 2020 | 0 comments

Iron ore prices for October 39, 2020:

Spot up but paper down overnight. Steel has rallied in recent weeks so some pressure has come off the seasonal destocking.

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Recent Performance*	12 month	Inception*
International	6.9%	12.0%
Core International benchmark**	2.4%	11.2%
Tactical Growth	2.0%	7.5%
Tactical Growth benchmark**	2.9%	5.3%

* Inception returns are per annum. The above returns include trading and investment costs but not administration fees. Note individual client performance will vary based on the amount invested, ethical overlays and the date of purchase. Past performance is not an indication of future performance. **Tactical growth benchmark is Australian Inflation (CPI) + 4.5% Core international benchmark is the MSCI World Index

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