Commodity Market Report
Global iron ore short-term outlook February 2024
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Report summary
Iron ore prices contract from the missed expectation of a demand rebound, but improving construction activity in China in the near term should help prices recover some ground. However, the market is raising concerns about the effect of China’s policy support in terms of downstream steel demand. Persistent concerns over the state of the Chinese property market should contribute to cooling down iron ore prices through 2024.
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