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BHP GROUP LIMITED

BHP Australian Iron Ore Outlook

390
BHP trending downwards with weak economic output from Chinese construction activity. Expecting a pull-back to ~$30-31 before a potential reversal - conditional on COVID lockdowns easing in China and stimulus measures gaining traction. China's industrial production has been trending upwards since May 2022 with YoY August 2022 to 4.2%, compared to July's 3.8% [1].



[1] https://tradingeconomics.com/china/industrial-production
MAXiot
BHPchinaFundamental AnalysisIRONORETrend Analysis

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BHPchinaFundamental AnalysisIRONORETrend Analysis
MAXiot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.