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Precious metals: Iron ore remains stable

14/04/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Iron ore futures prices moved within a narrow range on Monday. Investors are evaluating optimistic data from the main Chinese consumer country against concerns about demand caused by the escalation of the trade dispute between Washington and Beijing

.

The most traded iron ore contract in September on the Chinese commodity exchange in Dalian (DCE) ended the morning session at 704 yuan (96.34 dollars) per metric ton. The May reference price for iron ore on the Singapore Stock Exchange remained at $97.15 per ton at 04:33

GMT.

The other steel-making ingredients on DCE remained stable, with coking coal down by 0.11% and coke stable. The steel benchmarks on the Shanghai Stock Exchange also moved within a narrow range. Rebar remained stable at 0.03%, hot-rolled coils grew by 0.31%, stainless steel grew by 0.7%, while wire rod lost 0.06%

.
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