Daily iron ore price update (Vale level 3)

Iron more price for November 18, 2020:

Spot up. Paper is getting a bit silly. Steel has not updated. Empties are falling again:

It’s not a great trend.

It all looks like typical restocking though Vale may have spooked spot again:

Another dam break would be disastrous for Vale and highly amusing for Australia during its China divorce.

David Llewellyn-Smith

Comments are hidden for Membership Subscribers only.