China's iron ore demand & supply gradually go milder
15 Sep 2020 16:00 reported by Isora
According to analyzing, the demand and supply of iron ore in China gradually went milder. Iron ore stock at the port slightly increased at the moment. As for the finished products, the social stock kept increasing while the price went down.
Currently, the iron ore price falls from a high level due to the lack of factors that sustain the price growth. The former increase of iron ore price was mostly caused by the strong domestic demand and high expectations shown in the Chinese market.
However, although the peak season of steel demand has already arrived, sales of finished products still haven't met the expectation of the suppliers. The iron ore price, therefore, has only a very limited room to maintain an uptrend.
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