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Metals: Iron ore at its lowest level in over 6 weeks

03/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Bien que les données manufacturières chinoises optimistes aient amorti la chute, les contrats à terme sur le minerai de fer ont chuté pour une sixième séance Consecutive on Monday due to growing trade tensions between the US United States and China, first consumer

.

The March reference price for iron ore on the Singapore Stock Exchange lost 0.15% to 103.1 dollars per ton. The most traded iron ore contract in May on the Chinese Dalian Stock Exchange (DCE) fell by 0.75% to 796 yuan (109.32 dollars) per ton at 02:54 GMT. Earlier in the session, prices hit 788 yuan, the lowest level since January 16

.

Other steel raw materials increased on DCE, with coking coal and coke increasing by 1.46% and 1.31% respectively. The steel benchmark indexes on the Shanghai Futures Exchange have increased.

Rebar and stainless steel each gained 0.3%, hot-rolled coils grew by nearly 0.6%, and wire rod increased by 0.54%.

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