Iron Ore Falls on Demand Concerns

🇨🇳 Hellenic Shipping News (CN) —

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Iron ore futures have dropped near 14-month lows at around CNY 700 per ton due to demand concerns in China. Record contraction in new yuan loans and weak household credit indicate subdued investment in property and infrastructure.

Iron ore futures fell toward CNY 700 per ton, hovering near 14-month lows amid persistent concerns over demand in top consumer China. Recent data showed China’s new yuan loans posted a record contraction in July as seasonal factors and weak household credit demand weighed on lending activity. This points to subdued property and infrastructure investment, ...

Markets Commodities iron ore futures China demand yuan loans property investment credit contraction

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