China imported 1.04 billion tonnes of iron ore in 2019, with 660 million tonnes coming from Australia, mainly via Rio Tinto, BHP and Fortescue Metals Group. Photo: Reuters China imported 1.04 billion tonnes of iron ore in 2019, with 660 million tonnes coming from Australia, mainly via Rio Tinto, BHP and Fortescue Metals Group. Photo: Reuters
China imported 1.04 billion tonnes of iron ore in 2019, with 660 million tonnes coming from Australia, mainly via Rio Tinto, BHP and Fortescue Metals Group. Photo: Reuters

China-Australia relations: high iron ore prices may correct on slowing demand, but derivative trading could still keep prices up, analysts say

  • Chinese government-backed consultancy projects a slowdown in China’s steel production next year, resulting in declining demand for iron ore
  • A factor unrelated to the fundamental supply and demand of iron ore lies in the aggressive trading of iron ore futures

Topic |   China-Australia relations
China imported 1.04 billion tonnes of iron ore in 2019, with 660 million tonnes coming from Australia, mainly via Rio Tinto, BHP and Fortescue Metals Group. Photo: Reuters China imported 1.04 billion tonnes of iron ore in 2019, with 660 million tonnes coming from Australia, mainly via Rio Tinto, BHP and Fortescue Metals Group. Photo: Reuters
China imported 1.04 billion tonnes of iron ore in 2019, with 660 million tonnes coming from Australia, mainly via Rio Tinto, BHP and Fortescue Metals Group. Photo: Reuters
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