Daily iron ore price update (seasonal surge)

Thursday 12 November 2020

Iron ore prices for November 11, 2020:

Spot up. Paper up more. Steel has not updated. Empties are fine:

No surprises here. It’s the classic seasonal surge as mills restock for Q1 weather risks. I don’t think prices will go much higher but you never know.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.