Iron ore flat as supply-demand dynamics stay largely unchanged
Iron ore is flat in early Asian trading. Baocheng Futures says supply-demand dynamics are largely unchanged, with subdued demand weighing on prices, while elevated ocean freight and preholiday restocking expectations offer support.
Iron ore is flat in early Asian trading.
The supply-demand dynamics for iron ore remain largely unchanged, according to Baocheng Futures in a research note.
Subdued demand continues to weigh on prices, they say.
That said, elevated ocean freight costs and preholiday restocking expectations offer so…