Iron ore, which has shown a downward trend in recent weeks, fell rapidly after BHP Group's warning about China.
Singapore iron ore futures fell more than 2% to $154.45 per tonne after the company pointed out that China's 2021 steel supply could drop sharply. Thus, the probability of entering the 5th week of the weekly series of decreases in iron ore prices has increased.
Futures in China, on the other hand, fell by more than 1% to the lowest level since November.
In terms of market actors, China's demand is closely watched. The moves of the Beijing administration to control the real estate sector, where steel usage is intense, stands out as one of the critical factors in terms of the course of pricing.
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