Iron Ore Falls Amid Higher Supply — Market Talk
Bullish strength: 40/100
- Analysts expect overseas and Chinese steel demand to recover in the fourth quarter.
- Improving demand fundamentals could help establish a floor for iron ore prices.
Bearish strength: 60/100
- Iron ore fell 1.3% in early Asian trading.
- Strong growth in Brazilian exports increased arrivals at China's 47 major ports, adding to supply.
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