Hi Jacko, worth a read:
"The other factors beyond China’s control including rising iron ore demand in other importers, and ongoing issues with supply, especially from number two exporter Brazil."
"Overall, it’s hard to see a sustained decline in the price of seaborne iron ore until several factors start to come together. Supply will have to return to closer to maximum levels, and China will actually have to reduce steel output. The X-factor is rest of the world demand for iron ore, and so far in 2021 that looks like a solid growth story."
https://www.hellenicshippingnews.com/china-lands-uppercut-on-iron-ore-prices-but-no-knockout-blow/
Iron ore price, page-32183
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