Texture from Bloomberg:
While iron ore’s direct exposure to trade disputes is minimal, “the loss in confidence appears to have led to a rapid reassessment of the iron ore market,” analysts from Capital Economics Ltd., wrote in a note dated Friday. “We think that the price of iron ore will decline further on the back of a renewed slowdown in China’s economy and, more specifically, a downturn in China’s construction sector.
And MENAFN:
