analysis by بورس24 | Bourse24 about Stock عیار on 6/11/2024

🔴 The price of #iron_stone decreased today and reached the lowest level in the last two months. The price of one ton of iron ore with a grade of 62% in the #Dalian stock exchange decreased by 4.5% to $111. Concerns about weak Chinese demand for this raw material have caused prices to decline. In the #Singapore stock exchange, the prices were at the level of 104 dollars. Analysts say that the decline of the market is the result of the growth of supply and storage in Chapan ports and the simultaneous weakness of demand. Doubts about the effectiveness of government programs in supporting the housing sector is another factor of pressure on the price of iron ore. Today, the price of coking coal and #coke has also decreased. The challenges of China's economy remain and the government has not introduced a big plan to solve the problems. @bourse24ir www.bourse24.ir