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Iron ore: weekly loss

21/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Iron ore futures traded in a tight range on Friday. They were heading in toward a weekly loss due to growing concerns about the prospects for demand in China

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The most traded iron ore contract in May on the Chinese Commodity Exchange in Dalian (DCE) gained 0.13% to 761 yuan per metric ton at 02:14 GMT at 02:14 GMT, down 3.4% since the start of the week. The April reference price of iron ore on the Singapore Stock Exchange lost 0.55% to $99.95 per ton, down 3.9% since the start of the week

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The other steel-making ingredients on the DCE have receded, with coking coal and coke losing 0.58% and 0.83% respectively.

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