Iron Ore Market Report June 2014
2014-07-07 18:26:46 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Financial overview
1.1 HSBC PMI down slightly in June
According to historical data, PMI typically declined in June. Previous expectations on market were pessimistic with expected range of 49-51% and mid reading of 49.8% for June of this year. Indeed, actual PMI was 50.2% in the given month, down slightly by 0.2% month-on-month. The downward range reached the lowest level except the reduction in June, 2009, indicating base for economic stabilization under construction.
