Daily iron ore price update (to the moon!)

Iron ore price for November 17, 2020:

Spot to the oon. Paper more so. Steel too. Classic year-end restocking with a bit of falling DXY thrown in. Expect strong pricing to continue through NY.

Empties are falling:

In fact, most China macro data is weakening but I do not expect this catch up to iron ore until Q2, 21.

David Llewellyn-Smith

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