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

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
READ FULL ARTICLE