I am sure if 'bad news' had leaked, the volume would be many times the 13million of today.
But if you believe that there are rampers and de-rampers on here who effect the SP.. Then todays negative and questioning comments will have had an effect??
"Prices for iron ore cargoes with a 63.5% iron ore content for delivery in Tianjin held near the $115 level, remaining close to the two-month high of $117 touched on June 16th as markets assessed concerns of lower demand against the possibility that the Chinese government will provide stimulus measures for its key construction sector. A batch of concerning data underscored the country’s struggle to recover from pandemic lockdowns, especially hitting the essential property sector. The official manufacturing PMI showed another contraction in May, while imports sank and loan growth missed estimates. Consequently, hopes of stimulus measures by Beijing pinned demand expectations for ferrous raw materials. In the meantime, the PBoC also aimed to ease developers’ debt struggles with a CNY 2 billion liquidity injection and a 10bps cut in key interest rates."