Daily iron ore price update (Beijing blockage?)

Friday 20 November 2020

Iron ore prices for November 19, 2020:

Spot up again. Paper stalled overnight. Steel is excited for no apparent reason. There’s still more inventory than at any time ever:

And empties are trending lower:

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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.