Please request a copy of our Global Iron Ore Fundamentals report which we published last week info@drybulkx.com. We took another bearish view on the iron ore market.

CIF China 62%FE iron ore prices have dropped by $9, reaching $132 per tonne, which is in line with the recommendation we published in our last report. Despite the expected lower Australian exports in February, DBX believes iron ore prices will fall further as the Chinese picture remains bearish. Lacklustre demand, rising iron ore stockpiles, squeezed steel margins, and an ailing property sector should contribute to pushing iron ore prices lower.

Also great to see Bloomberg quoting our paper in their article: 'Construction-led demand is expected to lower levels given that the Central Committee of the Chinese Communist Party aims to reduce leverage in the property sector, according to DBX Commodity Ltd.'

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