Steel consumption in China has weakened because of the country s protracted real estate slowdown While exports and growth in other sectors are softening the blow cuts to steel output have left the iron ore market saddled with excess supply Singapore iron ore futures rose % to $ a ton as at 3 55 local time
Explore real time Iron ore fines 62% Fe CFR Futures price data and key metrics crucial for understanding and navigating the Iron ore fines 62% Fe CFR Futures market
The month with the highest average iron ore price in 2021 was June at over 200 dollars per dmtu Production volume of iron ore in China 2015 2023; Iron ore production volume in India
The first month of 2024 saw iron ore kick off to a strong start mainly due to increasing prices and substantial imports by China Looking at iron ore futures many investors were optimistic that
6 Market research firm BMI a Fitch Solutions company has maintained its 2025 iron ore price forecast at an average of $100/t expecting continued downward pressure owing to weak demand stemming
The spot price of iron ore has climbed to a five month high amid improving sentiment and some supportive fundamentals in China the world s top buyer of the steel raw material
Goldman Sachs has revised its Q4 2024 iron ore price forecast to $85/t citing oversupply and weak demand in China Latest News Stock Market The most important chart from the analyst s
6 International credit rating agency Fitch Solutions BMI Country Risk and Industry Research unit has maintained its iron ore price forecast for 2025 at $100/mt according to media reports Nevertheless iron ore prices remain under downward pressure due to weak demand in China against the backdrop of its sluggish real estate industry despite recent stimulus policies
Seaborne iron ore prices were largely rangebound throughout the first quarter averaging $/dmt CFR China January saw the Platts 62% Fe iron ore index or IODEX at its strongest at $/dmt before a continuous downtrend falling 29% to a 10 month low at $/dmt by March 15
Iron ore and steel are heavily used in the construction sector and China is the world s biggest consumer of the commodities The benchmark June iron ore on the Singapore Exchange was % higher
The most traded May iron ore contract on China s Dalian Commodity Exchange DCE ended daytime trade % higher at 827 yuan $ a metric ton the highest since March 13
It imported about 70 per cent of its iron ore from Australia last year The latest rally in iron ore prices is one of many headaches for China s steel industry which is battling soaring costs
The first month of 2024 saw iron ore kick off to a strong start mainly due to increasing prices and substantial imports by China Looking at iron ore futures many investors were optimistic that
The London Metal Exchange index of six metals is up just 3 per cent this year compared to a 25 per cent gain in mid May While Brent prices rebounded on Monday the global oil benchmark is still
3 China s copper scrap prices remain resilient despite seasonal demand slowdown The copper scrap market entered a seasonal lull in November with reduced activity levels Explore the latest news and analysis in the commodity world Mysteel Indices Shanghai Rebar USD Index $/t Date 11/22/2024 Latest Change Date 11/21/2024
The most traded May iron ore contract on China s Dalian Commodity Exchange DCE ended daytime trade % higher at 827 yuan $ a metric ton the highest since March 13
Citi analysts presented a bullish near term view for base metals and iron ore prices citing optimism over more stimulus measures from top consumer China although the longer term
Latest developments Iron ore prices have rebounded in early 2023 on an anticipated rise in China s steel demand this year Spot iron ore prices rebounded strongly in early 2023 after falling more than 50% in the second half of last year The higher prices reflect a partial recovery in Chinese steel production and an anticipated rise in China
Iron ore prices have hit their lowest level in two years as China s stricken property sector depresses steel demand threatening to squeeze earnings at the world s largest mining houses
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The price drop has largely been caused by a drop off in steelmaking in China the top consumer of iron ore China s Dalian Commodity Exchange DCE the most traded May iron ore contract ended the day s trading % lower at 831 yuan $ per tonne t its lowest since 23 October
Australia has revised higher global iron ore price forecasts for calendar 2022 expecting new infrastructure investment and easier credit conditions in China to provide further support for steel demand in turn underpinning iron ore prices
FILE PHOTO A man walks by an iron ore blending site at Dalian Port Liaoning province China September 21 2018 REUTERS/Muyu Xu/File Photo RC2CD7A2X458 Purchase Licensing Rights opens new tab
Asian iron ore prices landed at a crossroads following one of their worst second quarter performances ever yet the expectations of more stimulus measures in China and the reality of steel output cuts Latest in Market Insights PLATTS ANALYTICS PRODUCT PLATFORM Asian iron ore prices at crossroads of China s post pandemic recovery in Q3
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