Iron ore price falls nearly 4% after Goldman’s China property warning

Demand picked up following the lifting of covid-19 lockdowns that had hurt manufacturing activity.

Chinese exports grew at their fastest pace in five months in June.

The performance suggests investors remain wary of putting money into newly listed stocks in Hong Kong.

Among metals, copper imports are expected to post a modest pickup even though demand remains sluggish.

Metal is now 40% below the bank’s analysts' expectations.

Chinese steel mills scale back output while nursing losses from high inventories and sluggish steel orders.

Money manager positioning on the CME copper contract is as bearish as it has been since Q1 2020, according to Reuters columnist Andy Home.

Money manager positioning on the CME copper contract is as bearish as it has been since the first quarter of 2020 when industrial metals prices collapsed as China, writes Andy Home.

Demand outlook is still far from rosy, writes Clyde Russell.