Last weeks $170/t spot iron ore price signals panic
The spot iron ore price is suggesting that for the first time this cycle, steel makers may have production constrained by lack of iron ore feed, leading to buyer panic in the upcoming negotiations. This would argue for an early settlement at ore above market expectations, at least for Brazil to China, assuming no change to pricing system.
from ml research report
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Last weeks $170/t spot iron ore price signals panicThe spot iron...
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