China's stimulated policies drive iron ore prices
Time:Thu, 20 Jun 2024 08:55:42 +0800
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Australia's iron ore 62% Fe, CFR China grew on June 19, slightly increased by US$1 to US$107.2. China's policies are once again stimulating the real estate market, leading to optimistic market demand and driving iron ore prices upward.
However, the resumption of crude steel production restrictions and increased domestic iron ore production in May are limiting this rise. Market participants noted that downstream steel products in China are currently in the off-season, leaving uncertainty about whether market demand will improve.
