In today’s briefing:
- Iron Ore Tracker (24-Mar-2025): Iron Ore At Support Levels of 100 USD/Ton
Iron Ore Tracker (24-Mar-2025): Iron Ore At Support Levels of 100 USD/Ton
- Mixed data from China shows property prices down 5-7% YoY and lower land sales YTD, while weaker U.S. consumer sentiment has also negatively impacted overall commodity prices.
- China’s total social financing (TSF) for Jan-Feb reached 9.29 trillion RMB (Vs. consensus 9.75 trillion RMB). However, this figure is +16.6% YoY, signaling that substantial stimulus measures are in effect.
- We expect iron ore prices to remain rangebound between 95-120 USD/ton over the next few months as cost support is strong at the 100 USD/ton level.
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