The following is from www.custeel.net. The iron ore price is moving up after the long long Chinese National Day holiday.
| Date | Seaborne index 58% Fe fines | Seaborne index 62% Fe fines | Seaborne index 65% Fe fines |
| 2021-10-08 | 88.00 | 123.00 | 145.00 |
| 2021-09-30 | 85.00 | 117.80 | 141.00 |
| 2021-09-29 | 83.00 | 114.60 | 139.90 |
| 2021-09-28 | 80.50 | 112.30 | 136.60 |
No specific news on how to solve the Evergrande crisis but no body scream. However, another huge Chinese real-estate declared bankcrupcy.
The famous quote is that you see one cockroach, there is not only one.
At the end, all these companies' construction project may be bought out at lower than fire sales price and steel demands may resume but within next few weeks, the situation will be very volatile.