Iron Ore Futures Slide as Investors Monitor Demand in China
- Politburo reaffirms support for country’s lockdown approach
- Post-holiday demand has picked up only slightly: Holly Futures
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Iron ore flipped to losses as risk aversion across financial markets escalated and investors assessed the demand prospects in top consumer China.
Stocks slid with bonds Friday as inflation, rising borrowing costs and China’s virus lockdowns depressed sentiment. The outlook for iron ore is being complicated by the country’s Covid-zero target.