• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Currency Pairs
  • Charts
    • Candlesticks
  • Trading Strategies
    • Day Trading
    • Swing Trading
    • Scalping
  • Technical Analysis
  • Fundamental Analysis

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Welcome
  • Forex Glossary
  • Forex Basics
    • Trading Tips
  • Forex Brokers
    • Best Forex Brokers
    • All Forex Brokers Reviews
  • Forex Robots
    • Best Forex Robots
    • All Forex Robots Reviews
    • All Forex Signals Reviews
  • Forex News
  • Mustreads
  • CONTACT US

High Iron Ore Prices Set to fall on Easing Chinese Demand, Derivatives to Rise

December 23, 2020 by Forex Winner Leave a Comment

High Iron Ore Prices Set to fall on Easing Chinese Demand, Derivatives to Rise

Prices of iron ore are expected to fall as Chinese steel production is projected to stall next year, reports SCMP. Nonetheless, analysts are optimistic that aggressive speculation through iron ore derivative trading could correct the outcome. 

  • The projected decline in iron ore prices is also supported by non-Australia miners such as Brazil, China’s second-largest source market, resuming full production.
  • Iron ore demand could also ease in 2021 on increasing input of steel scrap, environmental pressures, and low-carbon development in China.
  • Iron ore prices hit a record US$171 a tonne on Monday after a dip to about US $153 a tonne last week after China Iron and Steel Association (CISA) held talks with Australia’s world’s biggest miners Rio Tinto and BHP.
  • Australia projects iron ore prices to remain above US $100 a tonne until mid-2021 and fall to around US $75 by the end of 2022
  • Analysts have warned that the trade conflict between China and Australia could see the former clamping down on the latter’s’ iron ore imports, raising the market price.
  • China imported 1.04 billion tonnes of iron ore in 2019, with 660 million tonnes from Australia, mainly via Rio Tinto, BHP, and Fortescue Metals Group. 

Iron Ore futures are currently gaining. FEF1! is up 0.13%

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

seventy three + = seventy five

Primary Sidebar

Latest News

Consumer Confidence Tops Expectations to Rise 2.2% in January-The Conference Board

Consumer Confidence Tops Expectations to Rise 2.2% in January-The Conference Board

January 26, 2021

ECB Intensifies Scrutiny of Top Banks on Potential Loan Default Risks

ECB Intensifies Scrutiny of Top Banks on Potential Loan Default Risks

January 26, 2021

COVID-19 Crisis Cost the Global Economy About 255 Million Jobs-ILO

COVID-19 Crisis Cost the Global Economy About 255 Million Jobs-ILO

January 25, 2021

Reviews

IG Group

IG Review

Review by Forex Winner
May 20, 2020

Pepperstone

Pepperstone Review

Review by Forex Winner
May 19, 2020

Darwinex

Darwinex Review

Review by Forex Winner
May 14, 2020

Best Forex Robots

  1. ROFX 10
  2. Forex Fury 7.7
  3. Gump EA 6.4
  4. Forex inControl Reborn 6.0
  5. Forex Robotron 6.0

Best Forex Brokers

  1. IG 9.2
  2. Pepperstone 9.0
  3. AvaTrade 8.8
  4. Forex.com 8.4
  5. Darwinex 8.2

Footer

Latest Forex Brokers

Darwinex

Darwinex Review

May 14, 2020 By Forex Winner

tastyworks

tastyworks

April 28, 2020 By Forex Winner

FxPro

FxPro Review

March 20, 2020 By Forex Winner

Latest forex robots

StrategyQuant X

StrategyQuant X Review

January 21, 2021 By Forex Winner

Siphon-X

Siphon-X Review

January 19, 2021 By Forex Winner

Screti Forex Robot

Screti Forex Robot Review

January 18, 2021 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive email updates daily and to hear what's going on with us!

Copyright © 2021 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure