Daily iron ore price update (rebound)

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Iron ore prices for February 5, 2021:

Spot down. Paper up. Still waiting on steel.

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Not much to report today so no change from me. I expect volatility around Chinese New Year then a firm bid for a few months and another goodly hit in May in another step down for the price range.

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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.