- Analytics
- News and Tools
- Market News
- Bulk commodities continue to benefit from infrastructure investment in China - ANZ
Bulk commodities continue to benefit from infrastructure investment in China - ANZ
FXStreet notes that bulk commodities are leveraging China’s stimulus. Steel production has been surprisingly strong and improving steel mill margins should keep the output resilient in the short-term. A depleted iron ore stockpile is the other supportive factor. Nevertheless, a slowdown in land sales suggests demand from the real estate sector may soften, according to economists at ANZ Bank.
“Infrastructure-led stimulus measures continue to boost steel and iron ore demand. China’s steel production has been robust and this has seen a strong drawdown in iron ore inventories.”
“Steel margins are rising steadily, which should support steel production in the short-term. However, we have seen a material fall in land sales, signalling demand from the real estate sector may be soft in coming “quarters.”
Iron ore supply issues are easing in Brazil as reflected in rising exports from the country. Australian exports have been decelerating, while Indian exports rose more than 70% recently.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
