PrivateAnastasia @PrivateAnastasia: "$ASHR Prices for iron ore..."

Italy

$ASHR Prices for iron ore cargoes with a 63.5% iron ore content for delivery in Tianjin fell to the $141 per tonne level after touching a 20-month high of $145 on January 4th, as decreasing margins for Chinese steel mills raised expectations of lower input buying. $RIO (Rio Tinto PLC ADR) $BHP (BHP Group Ltd ADR) $PKX (Posco - ADR) Persistent macroeconomic headwinds for the country and uncertainty over demand for construction materials in the year ahead tempered iron ore demand from steel mills and countered added buying activity in their usual restocking season. Still, expectations of added economic stimulus from Beijing refrained prices from falling more after their rally since November. Per the latest measures, the PBoC lent CNY 350 billion to other policy banks, including the China Construction Bank. $1398.HK (Industrial And Commercial Bank of China) $0939.HK (China Construction Bank) The development magnified previous market expectations that high levels of infrastructure investments from the government would support ferrous metal bidding.