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Metals: iron ore is stagnating

20/01/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Dalian iron ore futures remained stable on Monday. Traders assess the easing of concerns over supply and falling demand for steel compared to improving market sentiment in the main consumer country, China

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The February reference price of iron ore on the Singapore Stock Exchange was down 0.44% to 103.4 dollars per ton. The most traded iron ore contract in May on the Chinese Commodity Exchange in Dalian (DCE) remained stable, ending the morning at 799.5 yuan (109.29 dollars) per metric ton. Other steel-making ingredients on DCE declined, with coking coal and coke falling by 2.69% and 2.65% respectively

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