Imported Iron Ore Price To Fluctuate Under Downward Pressure

Short-duration intense rainfall with hourly precipitation of 0.03-0.05 meters is expected across most of Shanghai's central urban areas before midnight tonight. The Shanghai Meteorological Observatory issued a blue rainstorm warning signal for the central urban areas at 12:25 on September 2, 2026. The Shanghai Flood Control Headquarters decided to simultaneously activate the Level IV flood and typhoon response for the central urban areas.

India’s Welspun Corp and US-based Perma-Pipe International Holdings have signed an MoU with the developers of Jordan’s National Water Carrier Project and the Jordanian government to establish pipe-manufacturing and advanced-coating facilities in Jordan. The companies intend to form a joint venture combining Welspun’s large-diameter steel-pipe manufacturing capabilities with Perma-Pipe’s anti-corrosion coatings and engineered piping expertise. The integrated platform is expected to serve water, oil and gas, energy and infrastructure projects in Jordan and the wider Levant, including the National Water Carrier Project, which will transport desalinated water from the Gulf of Aqaba across Jordan. The proposed venture’s investment, ownership structure, production capacity and implementation timeline have not yet been disclosed, while technical, commercial, financing and regulatory discussions remain underway.

In September, the property market entered the traditional September-October peak season. With new policies rolled out intensively across multiple cities, market activity is expected to climb. "Many cities have further unleashed home-buying potential by adjusting purchase restrictions and loan down payment ratios. Meanwhile, many cities have raised housing provident fund loan ceilings and reduced home-buying costs through multiple subsidies, including housing provident fund loan interest subsidies and trade-in subsidies for selling old homes and buying new ones." Li Yujia, chief researcher at the Guangdong Housing Policy Research Center, told Securities Times reporters that judging from the pace of policy rollouts, after Beijing and Shanghai introduced their policies, Chengdu, Xi'an and other cities followed suit, creating a linkage effect between first- and second-tier cities. The relay effect of continuous follow-ups sends positive signals to the market, boosting market confidence and expectations. Some industry insiders said that based on past experience, policies typically enter a concentrated release period one to two months after implementation, and the certainty of a short-term rebound in trading volume is relatively strong. Multiple policy dividends have already ignited the preheating engine for the property market, building momentum for the September-October peak season, the traditional high season for the property market. The market is expected to see a round of concentrated release in trading volume, especially in first-tier cities, where a wave of trading volume recovery is expected. However, market divergence and steady repair will remain the main theme.