Iron ore demand rattled by weak downstream outlook despite news of further fiscal injections

Seaborne iron ore prices fell on Wednesday June 22 in response to continued weaknesses in downstream demand despite the announcement of accelerated fiscal expenditure as well as the sale of infrastructure-related government bonds, sources told Fastmarkets.

Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) traded downward on Wednesday, closing the day 5.27% lower than Tuesday's closing price of 749...

Published

Norman Fong

June 22, 2022

11:34 GMT

Singapore