Chinese Iron Imports Likely To Fall In August

Reuters reported Chinese imports of coal and iron ore are likely to have fallen for the third month in a row in August.

As quoted in the market news:

Few positives are expected from preliminary trade data due on Monday, with weak demand from the world’s biggest importer of iron ore and coal bruising prices. Benchmark iron ore prices fell nearly a quarter in August, while coal prices are near two-year lows.

Click here to read the full Reuters report.