iron ore prices - Latest news GMK Center

During July 28 – August 4, iron ore quotations on the Dalian Commodity Exchange fell by 5.1%

China's market participants are awaiting details of policy measures to support the real estate market

Market participants are spreading rumors about a possible easing of mortgage restrictions in the PRC

The main factors behind the growth are the improvement of the credit policy and the fall in raw material stocks in the ports

Some steel plants have to reduce capacity utilization by 30-50%

Positive dynamics were facilitated by the intensification of demand in China after the national holiday

For 2024-2026, the forecasts remained unchanged – $85/t, $75/t and $70/t, respectively

Commodity quotations are supported by hopes that China will start implementing policies to stimulate the economy

Hopes of market participants are fueled by poor results of industrial production in the country

The general outlook for the market remains disappointing amid a seasonal slowdown in construction in China over the summer

Analysts believe that the current rise in commodity prices is just a technical rebound after a long decline

Prices are currently forecast at $60/t and $140/t FOB for iron ore and coking coal