Iron ore sucked down with Chinese Titanic

Tuesday 29 July 2025

It was a better day for the ferrous complex as it awaits the July Polibuo meeting, likely on July 31.

The underpinnings of demand are still poor. Where official figures can mislead, PBoC surveys are better. Goldman.

PBOC released its Q1 and Q2 surveys of bank loan officers, enterprises, and urban depositors on July 25, and the latest data paint a downbeat picture.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.