The iron ore price retreated on Tuesday as investors continued to worry about policy uncertainties amid China's government intervention.
According to Fastmarkets MB, benchmark 62 percent Fe fines imported into Northern China were changing hands for 135.78 a tonne during morning trading, down 1.4 percent compared to Monday's closing.
Qhov feem ntau {{0}}} nquag ua haujlwm hlau ore yav tom ntej ntawm Dalian Cov Khoom Muag Khoom Muag, rau lub Tsib Hlis xa khoom, nce 0.1 feem pua rau 685 yuan (108.04) ib tonne ntawm ze. Lawv tau nce ntau npaum li 4.9 feem pua rau 719 yuan ib tonne ua ntej lub sijhawm sib tham.
"Iron ore is now caught between two opposing policies in China," Commonwealth Bank of Australia commodity analyst Vivek Dhar said in a note.
"Policymakers are keen to limit inflation linked to higher iron ore prices. Their determination to keep iron ore prices in check is particularly strong given their belief that non-market forces like speculation are at play."
Txawm li cas los xij, margins ntawm steel mills yog qhov tsim nyog raws li cov tub ceev xwm txhawm rau txhawb kev loj hlob ntawm kev lag luam, uas txhawb nqa cov nqi hlau hlau, raws li daim ntawv ceeb toom.
The country's four biggest banks on Monday lowered mortgage rates in Guangzhou city by 20 basis points in a fresh move to support the property sector, according to people familiar with the matter.
Kev muag khoom hauv tsev hauv Suav teb tau poob qis txij li Lub Xya Hli, ua rau muaj kev cuam tshuam nyiaj txiag ntau ntawm cov neeg tsim khoom. Kev muag khoom nyob rau sab saum toj -tier nroog tau pib poob qis xyoo tas los, cov ntaub ntawv los ntawm Tuam Tshoj Cov Ntaub Ntawv Vaj Tsev tau pom, tom qab cov neeg tswj hwm tau nruj kev cai nyiaj txiag los tiv thaiv kev pheej hmoo.
Meanwhile, China's finance minister vowed to implement bigger cuts in taxes and fees this year and strengthen coordination between fiscal and monetary policy.
Nyeem ntxiv: Tuam Tshoj npaj lub xeev- txhawb nqa platform los yuav hlau ore
(Nrog cov ntaub ntawv los ntawm Bloomberg thiab Reuters)