Construction in China tipped to stabilise iron ore price

Mike Hayes

18 May 2016

A senior commodity strategist at ANZ Bank is predicting a strengthening market for iron ore, Australia’s single largest export.

Daniel Hynes said improving fundamentals in China, such as an uplift in housing construction and rapidly diminishing iron ore stockpiles, are helping keep prices above US$ 50 a tonne.

Prices have…

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