Iron ore price, page-47732

same time every year, china slows its steel production and heads to maintenance

key differences

2021- inventories of ore were high because of Covid, however supply side was unsure on tonnage capacity with restrictions

2022- inventories almost depleted before heading into maintenance season in china, demand of steel set to increase dramatically between now and jan-Feb which is all systems go for china during this period. low inventories and a slow but stable output from miners will see a sharp demand price drive, a lot of the data I have compiled shows modelling of between 150-200 USD pt as construction will have to be priority for both the America's and for asia as a whole

China in particular as it demolishes 100s of building in their ghost cities and rebuilds again, as they have do something with their property balance sheet they have inherited

now until December
70-100 USD per tonne

jan- July 2023 150-200 USD tonne