WEEKLY: China import iron ore prices pull back as bullish sentiment fades

China's imported iron ore market generally retreated last week, as macroeconomic signals sent from both home and abroad fell short of market expectations, Mysteel's latest weekly report shows. Prices of imported ore pulled back from recent highs during the past week despite a short-lived uptick on Tuesday.

Macro news of China and the United States agreeing to seek an extension of their 90-day tariff truce following talks in Stockholm offered limited support, and China's Politburo meeting concluded on Wednesday without announcing additional incremental policies, further dampening the hype and speculative activities in the ferrous futures market, according