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Reuters reported Chinese traders are selling off iron ore as prices continue fall and investors lose hope of a market rebound anytime soon.
Reuters reported Chinese traders are selling off iron ore as prices continue fall and investors lose hope of a market rebound anytime soon.
As quoted in the market news:
Big trading firms have the financial muscle to hold on for much longer — traditionally they have been able to hang on until prices recovered. But even state-owned giants like Sinosteel and Minmetals were selling small amounts of stock at a loss, traders said.
