From Westpac this morning:"This does however beg the question, is it enough to support prices around $US180 a tonne into January? So far, it looks as if it is more than enough."
Mr Smirk (Westpac commodities analyst) said "it is clear that [iron ore] supply has not kept up with the recent surge in demand".
Westpac has lifted its March 2021 forecast for iron ore by 24 per cent to $US130 a tonne from $US105 a tonne. "For end 2021 there is a more modest lift to $US112/t vs $US90/t before and end 2022 is now $US100/t vs $US85/t," Mr Smirk said.
https://www.copyright link/markets/commodities/iron-ore-seen-supported-near-us180-a-tonne-into-january-20201224-p56pxaIron ore seen supported near $US180 a tonne
into January
Iron ore price, page-26557
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