#China’s most-traded #IronOre futures extend loss to over 6% hit lowest since early Apr, on expectations of weaker demand amid steel output

August 5, 2021

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#China's most-traded #IronOre futures extend loss to over 6% hit lowest since early Apr, on expectations of weaker demand amid steel output cut.
CICC said in a note, as domestic steel output is set to ease, iron ore prices will likely drop below $200/ton.