Blogotariat

Oz Blog News Commentary

Iron ore waits for MOAR

October 3, 2024 - 10:00 -- Admin

With Chinese markets closed, SGX is wandering sideways: There is almost no scenario in which iron ore will be driven higher by fundamentals. There’s too much. The supply chain is chock-o-block. There’s more coming. And Chinese demand will struggle to hold even with stimulus give the baked-in reduction in Chinese property completions ahead. This is

The post Iron ore waits for MOAR appeared first on MacroBusiness.