Tag: Shanghai housing reforms
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China: Iron ore spot prices rise by $3/dmt d-o-d
Iron ore fines (Fe 62%) spot prices surged by $2.65/dmt d-o-d to $103/dmt CFR China on 25 Aug’25. The rise was mainly driven by China’s move to ease housing rules in Shanghai from 26 Aug’25, though trades were still slow. Optimism also came from expectations of potential US Fed rate cuts in Oct’25.