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1.Market Observations, 8.Was Sticky

23 Dec 2016 (TheAge,Reuters) – Iron ore slips as heavy smog blankets northern China

(23 December 2016, The Age, BusinessDay, p20, Reuters)

‘Chinese steel and iron ore futures ended higher on Wednesday after a five-day slide, but gains were tepid as heavy smog that has enveloped most of northern China curbed demand for the two commodities. Construction activity has halted and many steel mills were ordered to reduce output to help rein in emissions, traders say, as northern Chinese cities including the capital Beijing saw thick smog for a fourth day.’



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