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Precious metals: iron ore falls

09/06/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Iron ore futures prices fell on Monday. Weak data from the main Chinese consumer weighed on investor sentiment

.

The most traded iron ore contract in September on the Chinese commodity exchange in Dalian (DCE) was little changed at 707.5 yuan ($98.45) per metric ton, as of 02:15 GMT. The July reference price of iron ore on the Singapore Stock Exchange was down by 0.22% to $95.3 per ton

.

Consumer prices in China fell for the fourth consecutive month in May and producer deflation worsened to its worst level in nearly two years as the economy faces headwinds from trade tensions and a prolonged downturn. of the housing market

.

Other steel-making ingredients on the DCE were mixed, with coking charcoal adding 0.45% and coke decreasing by 0.52%.

The steel benchmarks on the Shanghai Stock Exchange remained stable. Rebar and hot-rolled coils changed little, wire rod lost 0.18%, and stainless steel fell

by 0.47%.
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