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.
Daliani kaubabörsi kõige aktiivsemad rauamaagi futuurid (mais tarneaeg) langesid 0,1 protsenti, 685 jüaanini (108,04) tonni kohta. Seansi alguses tõusid need 4,9 protsenti 719 jüaanini tonn.
"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."
Märkuse kohaselt on terasetehaste marginaalid siiski korralikud, kuna ametiasutuste eesmärk on kiirendada majanduskasvu, mis toetab rauamaagi hindu.
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.
Kodude müük Hiinas on langenud alates juulist, mis süvendab arendajate seas valitsevat rahapuudust. Hiina kinnisvarateabe andmed näitasid, et müük tipp{0}}linnades hakkas eelmise aasta lõpus langema pärast seda, kui regulaatorid karmistasid riskide maandamiseks rahastamisreegleid.
Meanwhile, China's finance minister vowed to implement bigger cuts in taxes and fees this year and strengthen coordination between fiscal and monetary policy.
Loe rohkem: Hiina plaanib osariigi{0}}toetatud platvormi rauamaagi ostmiseks
(Bloombergi ja Reutersi failidega)