MGT Social Media Posts, page-249

I'm going to start posting my articles in this sub-thread, so I don't clog up the others/
the evidence is there and mounting, guys;

https://www.metal bulletin.com/Article/5082424/Latest-news/Chinese-traders-restocking-activities-support-iron-ore-prices.html
(Remove space ^)

"Seaborne ore prices continued to increase on Wednesday January 26, partially supported by some traders’ restocking activities for reselling margins post Lunar New Year holiday, sources said.
A Hebei-based market analyst said the short-term increase was partially due to positive signs of China’s economic growth and supports in downstream steel market, such as rebar-consuming infrastructure sector.Most steel mills have finished restocking for the week-long holiday while some traders were active in buying March-laycan cargoes or and cargoes at China’s ports to resell them after the holiday, which supported the upward trend of prices, market sources told Fastmarkets on Wednesday."

https://trading economics.com/commodity/iron-ore

"Spot prices of iron ore with 63.5% iron content for delivery to Tianjin rose back above the $130 a tonne level at the end of January, the highest level since September 7th, amid concerns over supply after major miners in Australia warned of disruptions from labor shortages due to the rapid spread of the Omicron coronavirus variant. Australia accounts for about 60% of iron ore shipments to China. The metal has rebounded firmly this month, helped by prospects of strong demand and expectations that China's central bank will be providing more stimulus to shore up its slowing economy.