15
Nov
03:40
ING: low inventories to support iron ore prices
ING believes low inventories should support iron ore prices at elevated levels, Kallanish notes.
ING says in a note that iron ore stockpiles across China have reached a seven-year low as mills have been cautious about restocking amid property woes.
The research house's iron ore prices stand at $115/tonne in the fourth quarter. It also expects iron ore prices to be at $110/t and $100/t in the first quarter and second quarter of 2024. As for 202…
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Anonymous
Very good overview of the weekly steel market.
Anonymous