Dalian iron ore futures are back to where they were when everybody thought China was going stimulate:
All signs are that no such thing is going to happen. But the steel market is still OK, supported by Chinese property completions and exports:
Advertisement
A restocked supply chain is vulnerable to the squeezes we have seen in the last few weeks. To go lower, we need new bearish information. That could be:
Subscribe to our email newsletter to get the latest posts delivered right to your email.
Comments