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Iron ore futures jumped more than 5% in Singapore, steel futures in Shanghai spiked to their daily trading limit, while stocks and bonds of property developers also surged. Aluminum in London rose more than 3% as China continues to control energy use, with freely available stocks of the metal at the lowest levels since 2005.
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The prices of #304 cold-rolled stainless steel were reduced by 600 yuan/mt, and the quotation range was 19,300-20,100 yuan/mt. The average price of #304 hot-rolled stainless steel dropped by 700 yuan/mt, and the quotation was between 19,000-19,400 yuan/mt. The overall transaction in the market was subdued. The halt of the production again at ...
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At $160.85 per dry metric ton on Aug. 13, the benchmark S&P Global Platts IODEX, the spot price of 62% iron- fines delivered to China, was down 12% this month. The World Steel Association pegged ...
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Reuters 10 Dec 2021. Iron ore futures fell on Friday, as rising portside inventory of the steelmaking ingredient in top steel producer China, along with weak demand, signalled prices could further ...
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