analysis by بورس24 | Bourse24 about Stock بورس on 9/30/2024

🟢 Growth of the iron ore market The price per tonne #62 percent of the ore -grade is in the range of $ 110 today with more than 11 percent, and this is the result of measures intended to facilitate the purchase of housing in three major China cities. The chart above shows changes in iron ore prices this year. Despite the rise in prices, market performance is still negative this year. Last week, the central bank and the Chinese government introduced measures to support the housing sector and encourage consumption, and we saw the rise in the prices of #Mall -based, #Shanghai Stock Exchange and iron ore prices. Today the price of base metals has been small. There are doubts about the widespread impact of these measures on the Chinese economy. Must take time to determine the situation. Today's growth of iron ore prices is the highest daily growth since September 2021. Last week, prices had risen. @Bourse24ir www.bourse24.ir