At Sydney Morning Herald: Iron ore price hits five-year low in poor month for commodities
Iron ore price hits five-year low in poor month for commodities
By Jared Lynch and Stephen Cauchi
Quote:
“India’s demand jumped last month in spite of continued import restrictions and demand is likely to increase ahead of Dhanteras and Diwali festivals, and the upcoming wedding season,” Mr Moy said.
“Expect demand to increase when typically price-sensitive Asian buyers sense the market is hitting bottom.”
Read the full piece at smh.com.au.
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