Reported 14 days ago
Iron ore prices have dipped to around $100 per ton as recent efforts by Beijing to stimulate the economy have disappointed investors. An increase in Chinese port stockpiles indicates ample supply, while futures in Singapore fell following the announcement of a debt-swap plan that did not include direct measures to boost domestic demand. The iron ore market has seen a decline of over 25% this year due to China’s property downturn and increased miner supply.
Source: YAHOO