News Snapshot:
Demand for iron ore in China may have risen earlier this month, but the Swiss bank UBS says it's a "short-lived" lift that will soon collapse. The investment bank said it believes earlier demand was partly driven by restocking ahead of a weeklong national holiday in China which begins on Oct. 1, when industrial activity is expected to fall off. China is also likely to implement its "Blue Sky" policy, a program to reduce pollution, from mid-October ahead of the meeting of Chinese Communist Party officials in Beijing. That means thousands of industrial facilities and chemical plants will be closed...
