Iron ore price, page-32219

The seaborne prices on SMM are back up and as expected recorded a fall., although no way near other market indicators - still above $200. So for 62% we have a range of pricing indicators from Metal bulletin / fastmarkets / Platts / SMM etc recording prices ranging ~ $188 - $200 Dmt.

These are in truth absolutely MASSIVE...

My expectation is that the spot recorded tomorrow on Platts will likely record a small rise less than 1%. the pace of the decline is slowing reflecting less of political jawboneing and more the fundamentals imo.

I read an interesting article on Forbes today basically concluding that we will see the end of the cycle very soon.
His argument fails to mention anything about the deep pools of global stimulus money floating around and how many countries are only now coming out of lockdown, or that the cost of borrowing is below the cost of inflation and therefore basically free. .And the giant infrastructure programs that are being created to stimulate the economy. These have only just begun. Sure China began earlier, but ExChina steel making is farking boooooming and will continue.

In typical biased fashion he simply didn't raise the argument- a common technique used by the clever down rampers, selling despair in the hope you will sell cheaply so they can pick up discounted value.

It's all a game.