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nman
27.06.2022 kl 08:57 21252


«Det er naturlig å anta at optimismen i Asia i natt, og ikke minst USA fredag kveld, vil påvirke børsene i Europa i dag. G-7 landene, med USA i spissen, annonserte i går ambisjoner om en storstilt infrastruktur pakke på 600 millarder dollar, som en respons på Kinas internasjonale ekspansjon», skriver Berntsen.
https://finansavisen.no/nyheter/borsoppdatering/2022/06/27/7889146/dette-vil-pavirke-oslo-bors-mandag


China, which buys almost 70% of global seaborne iron ore, is expected to import about 93.7 million tonnes, according to commodity analysts Kpler, while Refinitiv is tipping arrivals at a slightly higher 96.2 million tonnes.

Both forecasts are slightly higher than the official customs figure of 92.52 million tonnes in May, meaning a small increase in monthly imports is on the cards.
However, it's worth noting that imports in the first five months of 2022 were 447 million tonnes, which is down 5.1% from the same period in 2021, a reflection that the steel industry is battling to rebound from the COVID-19 lockdowns.
Overall, it seems that the iron ore and steel markets had been trading on the expectation that Beijing would deliver rapid and effective stimulus, especially in the second half of 2022.
While this may still happen, it appears market participants want to see actual demand rising, rather than officials talking about it.
https://www.reuters.com/markets/commodities/iron-ore-needs-china-stimulus-action-not-just-words-russell-2022-06-27/

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