The iron ore futures in Dalian and Singapore experienced a slow day on Thursday due to concerns about the weakening Chinese demand for this crucial element in steelmaking. Despite China’s efforts to provide fiscal support to boost its struggling economy, the market remained skeptical about the near-term prospects of the iron ore industry. These worries overshadowed any positive impact that the increased fiscal support might have had on the market. As a result, the iron ore futures in Dalian and Singapore remained subdued throughout the day.
Hashtags: #ironore #futures #Dalian #Singapore #ChineseDemand #steelmaking #economy #fiscalsupport
Image: https://weeklyfinancenews.online/wp-content/uploads/2023/10/iron-ore-china-.png
Comments are closed.