By Macro HiveCommodities Insights (SGX Iron Ore) Iron ore is now trading below $90 after China’s Party Congress meetings. The thrust of policy announcements suggests further stimulus and aid for the property sector will be incremental rather than robust, likely keeping downward pressure on iron ore prices. China Growth Tracker Our China Growth Tracker is set on a downward trajectory as Covid-19 remains rampant and the Party Congress proves unfruitful for markets. With no boost from the Party Congress, we see iron ore prices trending even lower. We turn short iron ore. Party Congress Appears to Signal Further Iron Ore WeaknessSince mid-September, iron ore prices have dropped from $100 to a close of $88.79 on 25 October in a jagged but decidedly downward trend (Chart 1). Much of the decline