Iron ore price drops below $100 as worries over China demand grow
The iron ore price fell on Wednesday, languishing below $100 a tonne, as steel prices slumped in China.
A weaker yuan added to the gloomy mood, with Shanghai rebar futures hitting their lowest in more than six months.
Domestic Alumina Prices Entered Downward Path
China’s alumina production stood at 6.12 million mt in February, and the market was in a supply surplus of roughly 265,000 mt.
Iron ore dips as rising China port inventory adds pressure
Dalian and Singapore iron ore futures fell to three-week lows on Tuesday, as rising portside inventory in China weighed on prices already pressured by weak demand prospects.
Imported Iron Ore Prices to Fluctuate Widely this week
During the Chinese New Year (CNY) holiday, steel mills mainly consumed their in-house iron ore stocks. In the first week after the holiday, some steel mills ramped up the restocking efforts on rigid demand.
Iron ore retreats as traders assess China demand
MANILA: Iron ore futures slipped on Tuesday, with the Dalian benchmark price pulling back from the previous session’s contract high, as traders assessed demand in top steel producer China while also keeping an eye on regulatory risks.
Iron ore extends rally on China demand optimism
DALIAN iron ore futures extended gains after a week-long Chinese New Year holiday, climbing more than 3 per cent to a contract high on Monday (Jan 30), amid optimism about demand from the world’s top steel producer.
China gobbles up iron ore from India after government withdraws duty
A reopening China trying to stoke domestic demand scooped up nearly all of India’s iron ore exports in December after New Delhi lifted export duty on the mineral a month earlier, commerce ministry data showed.
Fortescue smashes iron ore export record
Fortescue Metals shipped a record volume of iron ore in the six months to December, as its traditional business further provides a strong platform for the company’s high-stakes pivot into clean energy.
Iron ore’s sharp gains catch Beijing’s eye as traders summoned
China’s top economic planning body has summoned a group of iron ore traders and asked them to provide details of recent business, a sign that authorities want to head off fresh commodity inflation as the economy rebounds.