Press and Media Mentions
As it happened: Market declines for second week with ASX down 0.8%
Featured On: Reuters
"At a time when the Chinese provinces are looking forward to reducing steel output targets to curtail emissions, any further weakness in the iron ore price may not emerge as a surprise,” said Kunal Sawhney, chief executive officer of Kalkine group. “Moreover, tightening stimulus measures and Evergrande’s risk of default may prompt a slowdown in China’s property activity, putting some pressure on the iron ore price.”
Read Original Article...As it happened: Market declines for second week with ASX down 0.8%
Featured On: The Age
Chief executive of equities research firm Kalkine, Kunal Sawhney, said it appeared the market was still digesting the impacts of lockdowns on the labour market.
Read Original Article...ASX Close: Brutal mining sell-off seals losing week
Featured On: The Market Herald
"The iron ore price has declined by over 50% since its all-time high in May 2021 amid China’s plans to scale down its steel production," Kalkine Group CEO Kunal Sawhney said. "The recent weakness in iron ore price emerged after China recorded a drop in its steel production in August.
Read Original Article...As it happened: Market declines for second week with ASX down 0.8%
Featured On: Brisbane Times
Chief executive of equities research firm Kalkine, Kunal Sawhney, said it appeared the market was still digesting the impacts of lockdowns on the labour market.
Read Original Article...Australia shares post second weekly drop as iron ore miners hit multi-month lows
Featured On: Market Screener
"At a time when the Chinese provinces are looking forward to reducing steel output targets to curtail emissions, any further weakness in the iron ore price may not emerge as a surprise,” said Kunal Sawhney, chief executive officer of Kalkine group. “Moreover, tightening stimulus measures and Evergrande’s risk of default may prompt a slowdown in China’s property activity, putting some pressure on the iron ore price.”
Read Original Article...As it happened: Market declines for second week with ASX down 0.8%
Chief executive of equities research firm Kalkine, Kunal Sawhney, said it appeared the market was still digesting the impacts of lockdowns on the labour market.
Read Original Article...