Iron ore holds above $100 as Chinese restocking steadies prices
Mills returning from maintenance have put a floor under the benchmark, though analysts are divided on whether demand carries into the new quarter.
Mills returning from maintenance have put a floor under the benchmark, though analysts are divided on whether demand carries into the new quarter.
Supply added through the last cycle is still arriving, and the cost curve is doing the work that demand growth was meant to do.
The statement leaned less on forward guidance than markets expected, leaving the path open in both directions.
Every forecast puts the deficit a few years out. A special report on why the date keeps moving, and what would make it stick.
Official sector demand has done more for the price this year than investor flows, which have been comparatively muted.