Iron Ore Safe from Tariffs, Handing Aussie Businesses Fortunes

Industry News

& Articles

Iron Ore Safe from Tariffs, Hands Aussie Businesses Fortunes

Facebooktwitterlinkedin
  • Share prices from major Australian iron ore mining companies rising significantly.
  • Iron Ore saved from the brunt of Chinese tariffs.
  • Speculators look at West Africa with apprehension.

COVID-19 has created a unique macroeconomic environment for iron ore, with Chinese demand for the commodity skyrocketed in 2020. The International Monetary Fund’s forecast shows that China’s economy will grow from two-thirds of the size of the US to three quarters by the end of 2021 with construction as a key driver. On the 7th of January 2021, prices jumped up to US168.72 a tonne, whilst political instability wreaks havoc in the US.

China is reliant upon Australia’s Pilbara region for the majority of iron ore. Roughly sixty per cent of iron ore comes from Australia, with twenty per cent coming from Brazil and the rest coming from various sources, helping develop the country.

Brazil has struggled with iron ore production during 2020 due to COVID-19 and the fallout from the Vale and BHP iron ore operation dam collapse. However, as of late December 2020, the BHP/Samarco joint venture has resumed iron ore pellet production, with expectations of 8 million tonnes produced per year. In 2019 Brazil exported 60 per cent of all their production of iron ore to China.

Despite rising tensions between the Australian and Chinese government, iron ore has been safe from the worst impacts and as such, the best-performing commodity in this environment. The ‘soft ban’ on soft commodities and coal was mitigated by the performance in iron ore and as such, the Australian dollar has been rising. This of course is in conjunction with the falling value in the US dollar due to inflation, which has stifled the RBA’s interest rate cuts.

There is speculation currently that due to the tensions between Australia and China, Chinese companies will look to West Africa to fill the iron ore orders. However, outbreaks of ebola, political uncertainty and high construction costs are allaying speculator worries. It is estimated that should construction begin, there would be a market of less than 10 per cent of the iron ore volumes produced by Australian businesses. Vale in 2023 aims to bring up 100 million tonnes of iron ore back to the market.

Looking to businesses that have benefitted from this environment, mining giants such as BHP, Fortescue Metals and Champion Iron have had significant growth during this time. BHP since the COVID-19 outbreak has grown roughly 94 per cent from lows. Looking to Fortescue Metals specifically, the share price has grown in excess of 200 per cent, with COVID-19 impacts having little effect on it. In it's September 2020 Quarterly Report, FY21 has started strong with Q1 showing 58.4 wet megatons (wmt) mined, up from 57.2 wmt. Less ore got shipped, weighing in at 44.3 wmt from 47.3 wmt. Champion Iron also a dazzling bull run up from AUD1.38 to AUD5.34 at the highest point. These companies are showing promising growth signals with new joint ventures explored, improving balance sheets, strong cash flows along with other fundamental indicators of stability.

Caroline Wong

Caroline Wong is a Research Analyst at KOSEC – Kodari Securities. She writes on markets and focuses on ASX Top 300 companies. Email Caroline at c.wong@kosec.com.au.

Comment on this company

Latest Stories

Super Retail Releases Positive Trading Update

Super Retail Group Limited (ASX: SUL) on the 18th of January provided a trading update… …

JB Hi-Fi soars after extraordinary first half results update  

JB Hi-Fi has released its preliminary, unaudited…..

Technology One’s Annual Report provides strong footing for 2021

Technology One’s Annual Report described expectations for growth in……

More for you

CSL to Produce 50 Million AstraZeneca Vaccines in FY21

CSL Limited (ASX: CSL) has recently ruled out producing the Novavax……

Pro Medicus Signs AUD 40 Million Deal with Intermountain Health

Pro Medicus Limited on the 14th of January has released an announcement detailing……

Whitehaven Coal jumps on Quarterly Update

Whitehaven coal has opened 4 per cent higher after……

Newcrest Details Regulatory Approval for Havieron Expansion

On the 13th of January, Newcrest Mining Limited (ASX: NCM) released an update……

Australian retail sales figures assist Consumer Discretionaries

Retail sales contributed around 1.4 per cent to GDP in the September quarter and……

ARB Corporation Releases Positive Trading Update

60.9 per cent growth in unaudited sales. 4.8 per cent growth in sales where sector only grew 1.4 per cent. Exports markets showing positivity….

KOSEC Terms & Conditions

Kodari Securities Pty Ltd (CAR 399556) trading as KOSEC is regulated by the Australian Securities and Investment Commission (ASIC). KOSEC is a financial services company and any information provided by its platforms, portals, reports and documents is protected by copyright. Any unauthorised production of this information is prohibited.
KOSEC reserves the right to change or remove any information provided on our website, reports or any documents including these terms and conditions at any time without notice. The change or modification to the terms and conditions will be effective immediately upon posting an updated version on our website, necessary platforms and documents. It is recommended that you review the information provided on our website, including these terms and conditions frequently for any changes.

Disclaimer
KOSEC provides general advice only. The information provided is of a general nature only and does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. KOSEC recommends that you obtain your own independent professional advice before making any decision in relation to your particular requirements or circumstances. Please make sure you read our Financial Services Guide (FSG).

KOSEC does not guarantee any returns. Past performance of any product discussed is not indicative of future performance. (We urge that caution should be exercised in assessing past performance. All financial products are subject to market forces and unpredictable events that may adversely affect their future performance). Investing in the stock market can incur huge losses. Please also be aware that fees will incur on every transaction regardless of the performance of your investments or returns generated. Employees and or associates of KOSEC may hold one or more of the stocks, securities or investments reviewed by the company.

Your use of information from our website, reports, documents and from talking to our representatives/associates is at your risk. Under no circumstance should the investment be based solely on KOSEC information and general advice. You should seek professional financial planning advice.
KOSEC aims to maintain the accuracy of the data and information provided on this website, by using information prepared from a wide variety of sources, which KOSEC to the best of its knowledge and belief, considers accurate and does not make any representations or warranties of any kind, expressed or implied, about the completeness, accuracy, reliability, suitability or availability of the information provided.

We may at times refer to third parties, which the details of these third parties have been provided solely for you to obtain further information about other relevant products and entities in the market. KOSEC has no control over the information third parties have, or the products or services offered, and therefore make no representations regarding the accuracy or suitability of such information, products or services. You are advised to make your own enquiries in relation to third parties. Our inclusion of any third party content is not an endorsement of that content or the third party.

Fees
As a client you will be charged a yearly service fee and a set brokerage fee per transaction. Your service fee will automatically renew at the end of your agreed 12 month period at the same rate advertised at the time. Your credit card or bank account will be charged for a further year following which will again auto renew until you cancel your yearly service fee. You can cancel the auto renewal at any time in advance of the renewal date by contacting us. KOSEC is aware of the need to ensure the security of your credit card details and our payment systems are compliant with the Payment Card Industry (PCI) Data Security Standard.

Privacy
You consent to receiving email correspondence from KOSEC, as well as companies KOSEC has an association with. These emails will be sent by KOSEC and third party companies. You can opt out of receiving any category of emails at any time by contacting us. We may from time to time inform you of special offers, or even ask your opinion of the services we provide, but your involvement is optional. Should you request us to do so, we will archive your details.

Indemnity and Liability
You indemnify KOSEC from all claims or threatened claims, suits, demands, damages, costs as well as including legal costs incurred in dealing with any threatened claim, expenses made by any person or corporation against KOSEC and any other amounts which is caused by KOSEC providing information, execution and General Advice.

You hold KOSEC harmless and release it from any liability in respect of any loss, harm or damage arising from a decision made by you on the basis of information obtained through the use of our portal, reports, documents or any General Advice given and any transaction taken place.

You hold KOSEC harmless and release it from any liability in respect of any loss, harm or damage arising from delays in executing orders for the client and acknowledges KOSEC makes no guarantees about the time taken to execute an order on behalf of the client. You acknowledge that KOSEC relies on third parties in providing technology and release KOSEC from any harm, loss or damage you may suffer as a result of the failure of such information technology.

Cookies and Links
KOSEC website, and its portal uses cookies, which lets us identify your browser while you are using the site or our portal. Cookies do not identify you personally. They simply allow us to track your usage patterns. If you prefer not to receive cookies, you can configure your browser to reject them or to notify you when they are being used. The functionality of the KOSEC website may be impacted if you restrict the use of cookies.

Fill up the form below and we will get back to you as soon as possible.

CLAIM YOUR FREE E-BOOK &
7 DAY ACCESS TO LOTUS BLUE

STOCK MARKET SUCCESS

KOSEC’s CEO, Michael Kodari’s new book, “Stock Market Success” valued at $39.95, available at Dymocks book stores with all the proceeds going to Dymocks Children’s Charities.

CLAIM YOUR FREE E-BOOK WHEN YOU LOGIN TO LOTUS BLUE INVESTMENT PORTAL

Latest TV Commercial

1089.00
KOSEC Standard Subscription
2020-10-07T20:27:13+11:00Automattic\WooCommerce\Admin\Overrides\Order Object ( [refunded_line_items:protected] => [status_transition:protected] => [data:protected] => Array ( [parent_id] => 0 [status] => completed [currency] => AUD [version] => 4.6.0 [prices_include_tax] => 1 [date_created] => WC_DateTime Object ( [utc_offset:protected] => 0 [date] => 2020-10-07 20:26:04.000000 [timezone_type] => 3 [timezone] => Australia/Sydney ) [date_modified] => WC_DateTime Object ( [utc_offset:protected] => 0 [date] => 2020-10-28 14:30:12.000000 [timezone_type] => 3 [timezone] => Australia/Sydney ) [discount_total] => 0 [discount_tax] => 0 [shipping_total] => 0 [shipping_tax] => 0 [cart_tax] => 99 [total] => 1089.00 [total_tax] => 99 [customer_id] => 7 [order_key] => wc_order_UgvI2iLzMhNXC [billing] => Array ( [first_name] => Peter [last_name] => Vogeli [company] => [address_1] => 15 Harcourt St [address_2] => [city] => Ashwood [state] => VIC [postcode] => 3147 [country] => [email] => petevogi@gmail.com [phone] => 0419154020 ) [shipping] => Array ( [first_name] => [last_name] => [company] => [address_1] => [address_2] => [city] => [state] => [postcode] => [country] => ) [payment_method] => nab_dp [payment_method_title] => NAB Transact [transaction_id] => 885449 [customer_ip_address] => 60.242.145.246 [customer_user_agent] => Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/85.0.4183.121 Safari/537.36 [created_via] => checkout [customer_note] => [date_completed] => WC_DateTime Object ( [utc_offset:protected] => 0 [date] => 2020-10-28 14:30:12.000000 [timezone_type] => 3 [timezone] => Australia/Sydney ) [date_paid] => WC_DateTime Object ( [utc_offset:protected] => 0 [date] => 2020-10-07 20:27:13.000000 [timezone_type] => 3 [timezone] => Australia/Sydney ) [cart_hash] => 1e64f44f9c7bcc9ea28fcae0b5da7853 ) [items:protected] => Array ( [line_items] => Array ( [650] => WC_Order_Item_Product Object ( [extra_data:protected] => Array ( [product_id] => 0 [variation_id] => 0 [quantity] => 1 [tax_class] => [subtotal] => 0 [subtotal_tax] => 0 [total] => 0 [total_tax] => 0 [taxes] => Array ( [subtotal] => Array ( ) [total] => Array ( ) ) ) [data:protected] => Array ( [order_id] => 51372 [name] => KOSEC Standard Subscription [product_id] => 50873 [variation_id] => 0 [quantity] => 1 [tax_class] => [subtotal] => 990 [subtotal_tax] => 99 [total] => 990 [total_tax] => 99 [taxes] => Array ( [total] => Array ( [1] => 99 ) [subtotal] => Array ( [1] => 99 ) ) ) [cache_group:protected] => order-items [meta_type:protected] => order_item [object_type:protected] => order_item [id:protected] => 650 [changes:protected] => Array ( ) [object_read:protected] => 1 [default_data:protected] => Array ( [order_id] => 0 [name] => [product_id] => 0 [variation_id] => 0 [quantity] => 1 [tax_class] => [subtotal] => 0 [subtotal_tax] => 0 [total] => 0 [total_tax] => 0 [taxes] => Array ( [subtotal] => Array ( ) [total] => Array ( ) ) ) [data_store:protected] => WC_Data_Store Object ( [instance:WC_Data_Store:private] => WC_Order_Item_Product_Data_Store Object ( [internal_meta_keys:protected] => Array ( [0] => _order_id [1] => _name [2] => _product_id [3] => _variation_id [4] => _quantity [5] => _tax_class [6] => _subtotal [7] => _subtotal_tax [8] => _total [9] => _total_tax [10] => _taxes [11] => _product_id [12] => _variation_id [13] => _qty [14] => _tax_class [15] => _line_subtotal [16] => _line_subtotal_tax [17] => _line_total [18] => _line_tax [19] => _line_tax_data ) [meta_type:protected] => order_item [object_id_field_for_meta:protected] => order_item_id [must_exist_meta_keys:protected] => Array ( ) ) [stores:WC_Data_Store:private] => Array ( [coupon] => WC_Coupon_Data_Store_CPT [customer] => WC_Customer_Data_Store [customer-download] => WC_Customer_Download_Data_Store [customer-download-log] => WC_Customer_Download_Log_Data_Store [customer-session] => WC_Customer_Data_Store_Session [order] => WC_Order_Data_Store_CPT [order-refund] => WC_Order_Refund_Data_Store_CPT [order-item] => WC_Order_Item_Data_Store [order-item-coupon] => WC_Order_Item_Coupon_Data_Store [order-item-fee] => WC_Order_Item_Fee_Data_Store [order-item-product] => WC_Order_Item_Product_Data_Store [order-item-shipping] => WC_Order_Item_Shipping_Data_Store [order-item-tax] => WC_Order_Item_Tax_Data_Store [payment-token] => WC_Payment_Token_Data_Store [product] => WC_Product_Data_Store_CPT [product-grouped] => WC_Product_Grouped_Data_Store_CPT [product-variable] => WC_Product_Variable_Data_Store_CPT [product-variation] => WC_Product_Variation_Data_Store_CPT [shipping-zone] => WC_Shipping_Zone_Data_Store [webhook] => WC_Webhook_Data_Store [order-item-line_item_removed] => WC_Order_Item_Product_Data_Store [order-item-line_item_switched] => WC_Order_Item_Product_Data_Store [order-item-coupon_pending_switch] => WC_Order_Item_Coupon_Data_Store [order-item-fee_pending_switch] => WC_Order_Item_Fee_Data_Store [subscription] => WCS_Subscription_Data_Store_CPT [product-variable-subscription] => WCS_Product_Variable_Data_Store_CPT [product-subscription_variation] => WC_Product_Variation_Data_Store_CPT [order-item-line_item_pending_switch] => WC_Order_Item_Product_Data_Store [report-revenue-stats] => Automattic\WooCommerce\Admin\API\Reports\Orders\Stats\DataStore [report-orders] => Automattic\WooCommerce\Admin\API\Reports\Orders\DataStore [report-orders-stats] => Automattic\WooCommerce\Admin\API\Reports\Orders\Stats\DataStore [report-products] => Automattic\WooCommerce\Admin\API\Reports\Products\DataStore [report-variations] => Automattic\WooCommerce\Admin\API\Reports\Variations\DataStore [report-products-stats] => Automattic\WooCommerce\Admin\API\Reports\Products\Stats\DataStore [report-categories] => Automattic\WooCommerce\Admin\API\Reports\Categories\DataStore [report-taxes] => Automattic\WooCommerce\Admin\API\Reports\Taxes\DataStore [report-taxes-stats] => Automattic\WooCommerce\Admin\API\Reports\Taxes\Stats\DataStore [report-coupons] => Automattic\WooCommerce\Admin\API\Reports\Coupons\DataStore [report-coupons-stats] => Automattic\WooCommerce\Admin\API\Reports\Coupons\Stats\DataStore [report-downloads] => Automattic\WooCommerce\Admin\API\Reports\Downloads\DataStore [report-downloads-stats] => Automattic\WooCommerce\Admin\API\Reports\Downloads\Stats\DataStore [admin-note] => Automattic\WooCommerce\Admin\Notes\DataStore [report-customers] => Automattic\WooCommerce\Admin\API\Reports\Customers\DataStore [report-customers-stats] => Automattic\WooCommerce\Admin\API\Reports\Customers\Stats\DataStore [report-stock-stats] => Automattic\WooCommerce\Admin\API\Reports\Stock\Stats\DataStore ) [current_class_name:WC_Data_Store:private] => WC_Order_Item_Product_Data_Store [object_type:WC_Data_Store:private] => order-item-product ) [meta_data:protected] => Array ( ) ) ) ) [items_to_delete:protected] => Array ( ) [cache_group:protected] => orders [data_store_name:protected] => order [object_type:protected] => order [id:protected] => 51372 [changes:protected] => Array ( ) [object_read:protected] => 1 [extra_data:protected] => Array ( ) [default_data:protected] => Array ( [parent_id] => 0 [status] => [currency] => [version] => [prices_include_tax] => [date_created] => [date_modified] => [discount_total] => 0 [discount_tax] => 0 [shipping_total] => 0 [shipping_tax] => 0 [cart_tax] => 0 [total] => 0 [total_tax] => 0 [customer_id] => 0 [order_key] => [billing] => Array ( [first_name] => [last_name] => [company] => [address_1] => [address_2] => [city] => [state] => [postcode] => [country] => [email] => [phone] => ) [shipping] => Array ( [first_name] => [last_name] => [company] => [address_1] => [address_2] => [city] => [state] => [postcode] => [country] => ) [payment_method] => [payment_method_title] => [transaction_id] => [customer_ip_address] => [customer_user_agent] => [created_via] => [customer_note] => [date_completed] => [date_paid] => [cart_hash] => ) [data_store:protected] => WC_Data_Store Object ( [instance:WC_Data_Store:private] => WC_Order_Data_Store_CPT Object ( [internal_meta_keys:protected] => Array ( [0] => _parent_id [1] => _status [2] => _currency [3] => _version [4] => _prices_include_tax [5] => _date_created [6] => _date_modified [7] => _discount_total [8] => _discount_tax [9] => _shipping_total [10] => _shipping_tax [11] => _cart_tax [12] => _total [13] => _total_tax [14] => _customer_id [15] => _order_key [16] => _billing [17] => _shipping [18] => _payment_method [19] => _payment_method_title [20] => _transaction_id [21] => _customer_ip_address [22] => _customer_user_agent [23] => _created_via [24] => _customer_note [25] => _date_completed [26] => _date_paid [27] => _cart_hash [28] => _customer_user [29] => _order_key [30] => _order_currency [31] => _billing_first_name [32] => _billing_last_name [33] => _billing_company [34] => _billing_address_1 [35] => _billing_address_2 [36] => _billing_city [37] => _billing_state [38] => _billing_postcode [39] => _billing_country [40] => _billing_email [41] => _billing_phone [42] => _shipping_first_name [43] => _shipping_last_name [44] => _shipping_company [45] => _shipping_address_1 [46] => _shipping_address_2 [47] => _shipping_city [48] => _shipping_state [49] => _shipping_postcode [50] => _shipping_country [51] => _completed_date [52] => _paid_date [53] => _edit_lock [54] => _edit_last [55] => _cart_discount [56] => _cart_discount_tax [57] => _order_shipping [58] => _order_shipping_tax [59] => _order_tax [60] => _order_total [61] => _payment_method [62] => _payment_method_title [63] => _transaction_id [64] => _customer_ip_address [65] => _customer_user_agent [66] => _created_via [67] => _order_version [68] => _prices_include_tax [69] => _date_completed [70] => _date_paid [71] => _payment_tokens [72] => _billing_address_index [73] => _shipping_address_index [74] => _recorded_sales [75] => _recorded_coupon_usage_counts [76] => _download_permissions_granted [77] => _order_stock_reduced ) [meta_type:protected] => post [object_id_field_for_meta:protected] => [must_exist_meta_keys:protected] => Array ( ) ) [stores:WC_Data_Store:private] => Array ( [coupon] => WC_Coupon_Data_Store_CPT [customer] => WC_Customer_Data_Store [customer-download] => WC_Customer_Download_Data_Store [customer-download-log] => WC_Customer_Download_Log_Data_Store [customer-session] => WC_Customer_Data_Store_Session [order] => WC_Order_Data_Store_CPT [order-refund] => WC_Order_Refund_Data_Store_CPT [order-item] => WC_Order_Item_Data_Store [order-item-coupon] => WC_Order_Item_Coupon_Data_Store [order-item-fee] => WC_Order_Item_Fee_Data_Store [order-item-product] => WC_Order_Item_Product_Data_Store [order-item-shipping] => WC_Order_Item_Shipping_Data_Store [order-item-tax] => WC_Order_Item_Tax_Data_Store [payment-token] => WC_Payment_Token_Data_Store [product] => WC_Product_Data_Store_CPT [product-grouped] => WC_Product_Grouped_Data_Store_CPT [product-variable] => WC_Product_Variable_Data_Store_CPT [product-variation] => WC_Product_Variation_Data_Store_CPT [shipping-zone] => WC_Shipping_Zone_Data_Store [webhook] => WC_Webhook_Data_Store [order-item-line_item_removed] => WC_Order_Item_Product_Data_Store [order-item-line_item_switched] => WC_Order_Item_Product_Data_Store [order-item-coupon_pending_switch] => WC_Order_Item_Coupon_Data_Store [order-item-fee_pending_switch] => WC_Order_Item_Fee_Data_Store [subscription] => WCS_Subscription_Data_Store_CPT [product-variable-subscription] => WCS_Product_Variable_Data_Store_CPT [product-subscription_variation] => WC_Product_Variation_Data_Store_CPT [order-item-line_item_pending_switch] => WC_Order_Item_Product_Data_Store [report-revenue-stats] => Automattic\WooCommerce\Admin\API\Reports\Orders\Stats\DataStore [report-orders] => Automattic\WooCommerce\Admin\API\Reports\Orders\DataStore [report-orders-stats] => Automattic\WooCommerce\Admin\API\Reports\Orders\Stats\DataStore [report-products] => Automattic\WooCommerce\Admin\API\Reports\Products\DataStore [report-variations] => Automattic\WooCommerce\Admin\API\Reports\Variations\DataStore [report-products-stats] => Automattic\WooCommerce\Admin\API\Reports\Products\Stats\DataStore [report-categories] => Automattic\WooCommerce\Admin\API\Reports\Categories\DataStore [report-taxes] => Automattic\WooCommerce\Admin\API\Reports\Taxes\DataStore [report-taxes-stats] => Automattic\WooCommerce\Admin\API\Reports\Taxes\Stats\DataStore [report-coupons] => Automattic\WooCommerce\Admin\API\Reports\Coupons\DataStore [report-coupons-stats] => Automattic\WooCommerce\Admin\API\Reports\Coupons\Stats\DataStore [report-downloads] => Automattic\WooCommerce\Admin\API\Reports\Downloads\DataStore [report-downloads-stats] => Automattic\WooCommerce\Admin\API\Reports\Downloads\Stats\DataStore [admin-note] => Automattic\WooCommerce\Admin\Notes\DataStore [report-customers] => Automattic\WooCommerce\Admin\API\Reports\Customers\DataStore [report-customers-stats] => Automattic\WooCommerce\Admin\API\Reports\Customers\Stats\DataStore [report-stock-stats] => Automattic\WooCommerce\Admin\API\Reports\Stock\Stats\DataStore ) [current_class_name:WC_Data_Store:private] => WC_Order_Data_Store_CPT [object_type:WC_Data_Store:private] => order ) [meta_data:protected] => Array ( [0] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 463790 [key] => is_vat_exempt [value] => no ) [data:protected] => Array ( [id] => 463790 [key] => is_vat_exempt [value] => no ) ) [1] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 463846 [key] => _nab_reference_id [value] => Kodari Securities Pt51372 ) [data:protected] => Array ( [id] => 463846 [key] => _nab_reference_id [value] => Kodari Securities Pt51372 ) ) [2] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 463847 [key] => _nab_crn [value] => WOO51372-1602062768 ) [data:protected] => Array ( [id] => 463847 [key] => _nab_crn [value] => WOO51372-1602062768 ) ) [3] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 463857 [key] => _bewpi_invoice_date [value] => 2020-10-07 19:27:14 ) [data:protected] => Array ( [id] => 463857 [key] => _bewpi_invoice_date [value] => 2020-10-07 19:27:14 ) ) [4] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 463858 [key] => _bewpi_invoice_number [value] => 51372 ) [data:protected] => Array ( [id] => 463858 [key] => _bewpi_invoice_number [value] => 51372 ) ) [5] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 463859 [key] => _bewpi_invoice_pdf_path [value] => 2020/51372.pdf ) [data:protected] => Array ( [id] => 463859 [key] => _bewpi_invoice_pdf_path [value] => 2020/51372.pdf ) ) [6] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 463860 [key] => bewpi_pdf_invoice_sent [value] => 1 ) [data:protected] => Array ( [id] => 463860 [key] => bewpi_pdf_invoice_sent [value] => 1 ) ) [7] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516479 [key] => dd_owl_post_type [value] => ) [data:protected] => Array ( [id] => 516479 [key] => dd_owl_post_type [value] => ) ) [8] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516480 [key] => dd_owl_number_posts [value] => ) [data:protected] => Array ( [id] => 516480 [key] => dd_owl_number_posts [value] => ) ) [9] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516481 [key] => dd_owl_excerpt_more [value] => ) [data:protected] => Array ( [id] => 516481 [key] => dd_owl_excerpt_more [value] => ) ) [10] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516482 [key] => dd_owl_hide_excerpt_more [value] => ) [data:protected] => Array ( [id] => 516482 [key] => dd_owl_hide_excerpt_more [value] => ) ) [11] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516483 [key] => dd_owl_loop [value] => ) [data:protected] => Array ( [id] => 516483 [key] => dd_owl_loop [value] => ) ) [12] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516484 [key] => dd_owl_show_cta [value] => ) [data:protected] => Array ( [id] => 516484 [key] => dd_owl_show_cta [value] => ) ) [13] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516485 [key] => dd_owl_show_title [value] => ) [data:protected] => Array ( [id] => 516485 [key] => dd_owl_show_title [value] => ) ) [14] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516486 [key] => dd_owl_title_heading [value] => ) [data:protected] => Array ( [id] => 516486 [key] => dd_owl_title_heading [value] => ) ) [15] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516487 [key] => dd_owl_center [value] => ) [data:protected] => Array ( [id] => 516487 [key] => dd_owl_center [value] => ) ) [16] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516488 [key] => dd_owl_mousedrag [value] => ) [data:protected] => Array ( [id] => 516488 [key] => dd_owl_mousedrag [value] => ) ) [17] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516489 [key] => dd_owl_duration [value] => ) [data:protected] => Array ( [id] => 516489 [key] => dd_owl_duration [value] => ) ) [18] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516490 [key] => dd_owl_transition [value] => ) [data:protected] => Array ( [id] => 516490 [key] => dd_owl_transition [value] => ) ) [19] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516491 [key] => dd_owl_stop [value] => ) [data:protected] => Array ( [id] => 516491 [key] => dd_owl_stop [value] => ) ) [20] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516492 [key] => dd_owl_orderby [value] => ) [data:protected] => Array ( [id] => 516492 [key] => dd_owl_orderby [value] => ) ) [21] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516493 [key] => dd_owl_navs [value] => ) [data:protected] => Array ( [id] => 516493 [key] => dd_owl_navs [value] => ) ) [22] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516494 [key] => dd_owl_dots [value] => ) [data:protected] => Array ( [id] => 516494 [key] => dd_owl_dots [value] => ) ) [23] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516495 [key] => dd_owl_thumbs [value] => ) [data:protected] => Array ( [id] => 516495 [key] => dd_owl_thumbs [value] => ) ) [24] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516496 [key] => dd_owl_css_id [value] => ) [data:protected] => Array ( [id] => 516496 [key] => dd_owl_css_id [value] => ) ) [25] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516497 [key] => dd_owl_cta [value] => ) [data:protected] => Array ( [id] => 516497 [key] => dd_owl_cta [value] => ) ) [26] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516498 [key] => dd_owl_btn_class [value] => ) [data:protected] => Array ( [id] => 516498 [key] => dd_owl_btn_class [value] => ) ) [27] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516499 [key] => dd_owl_excerpt_length [value] => ) [data:protected] => Array ( [id] => 516499 [key] => dd_owl_excerpt_length [value] => ) ) [28] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516500 [key] => dd_owl_margin [value] => ) [data:protected] => Array ( [id] => 516500 [key] => dd_owl_margin [value] => ) ) [29] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516501 [key] => dd_owl_image_options [value] => ) [data:protected] => Array ( [id] => 516501 [key] => dd_owl_image_options [value] => ) ) [30] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516502 [key] => dd_owl_post_taxonomy_type [value] => ) [data:protected] => Array ( [id] => 516502 [key] => dd_owl_post_taxonomy_type [value] => ) ) [31] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516503 [key] => dd_owl_post_taxonomy_term [value] => ) [data:protected] => Array ( [id] => 516503 [key] => dd_owl_post_taxonomy_term [value] => ) ) [32] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516504 [key] => dd_owl_post_ids [value] => ) [data:protected] => Array ( [id] => 516504 [key] => dd_owl_post_ids [value] => ) ) [33] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516505 [key] => dd_owl_tax_options [value] => ) [data:protected] => Array ( [id] => 516505 [key] => dd_owl_tax_options [value] => ) ) [34] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516506 [key] => dd_owl_btn_display [value] => ) [data:protected] => Array ( [id] => 516506 [key] => dd_owl_btn_display [value] => ) ) [35] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516507 [key] => dd_owl_btn_margin [value] => ) [data:protected] => Array ( [id] => 516507 [key] => dd_owl_btn_margin [value] => ) ) [36] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516508 [key] => dd_owl_img_width [value] => ) [data:protected] => Array ( [id] => 516508 [key] => dd_owl_img_width [value] => ) ) [37] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516509 [key] => dd_owl_img_height [value] => ) [data:protected] => Array ( [id] => 516509 [key] => dd_owl_img_height [value] => ) ) [38] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516510 [key] => dd_owl_img_crop [value] => ) [data:protected] => Array ( [id] => 516510 [key] => dd_owl_img_crop [value] => ) ) [39] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516511 [key] => dd_owl_img_upscale [value] => ) [data:protected] => Array ( [id] => 516511 [key] => dd_owl_img_upscale [value] => ) ) [40] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516512 [key] => dd_owl_items_width1 [value] => ) [data:protected] => Array ( [id] => 516512 [key] => dd_owl_items_width1 [value] => ) ) [41] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516513 [key] => dd_owl_items_width2 [value] => ) [data:protected] => Array ( [id] => 516513 [key] => dd_owl_items_width2 [value] => ) ) [42] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516514 [key] => dd_owl_items_width3 [value] => ) [data:protected] => Array ( [id] => 516514 [key] => dd_owl_items_width3 [value] => ) ) [43] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516515 [key] => dd_owl_items_width4 [value] => ) [data:protected] => Array ( [id] => 516515 [key] => dd_owl_items_width4 [value] => ) ) [44] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516516 [key] => dd_owl_items_width5 [value] => ) [data:protected] => Array ( [id] => 516516 [key] => dd_owl_items_width5 [value] => ) ) [45] => WC_Meta_Data Object ( [current_data:protected] => Array ( [id] => 516517 [key] => dd_owl_items_width6 [value] => ) [data:protected] => Array ( [id] => 516517 [key] => dd_owl_items_width6 [value] => ) ) ) )