Monthly Report on China Iron Ore Market for July 2020

Abstract

Prices of iron ore dropped after hitting a high level in July, due mainly to the heavy flooding in South China and the uncertainty over Sino-U.S. Relation.

with the robust demand from mills amid the current low port inventories, however, prices of iron ore may keep fluctuating at the high level in August.

Trading Tips: Traders are suggested to focus on iron ore sales. Mills are suggested to keep the in-plant inventory at normal consumption levels.