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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThis Monday, iron ore futures
By Dalian ont
down slightly for the sixth consecutive session. The fears of
supply disruptions are resolved after the resumption of
port operations of the Australian Iron Ore Processing Center
following a cyclone alert.
The most traded iron ore contract in May
On the Dalian Commodity Exchange (DCE) in China, trading was down 0.33
% at 762.5 yuan ($109.98) per metric ton, at 02:58 GMT.
The reference price of iron ore for
Delivery in March on the Singapore Stock Exchange was up by 0.72% to 99.75
dollars per ton.
The reference price in Singapore fell below the
The $100 per ton mark, as demand in China slowed before
Lunar New Year vacation.
Iron ore stocks in the main
Chinese ports increased by 0.58%, according to data released on February 6
by the consulting firm Steelhome. These port stocks have been built up
in recent weeks as the sector enters its shutdown period
seasonal.
Other steel-making ingredients on the
DCE stagnated, with coking coal and coke falling respectively by
0.87% and 1.1%.
Most steel references to
Shanghai futures markets fell.
The rebars lost 0.68%, the coils
hot-rolled materials softened by 0.49% and the stainless steel underwent a
withdrawal of 0.74%.
At the same time, the thread machine hardened by 0.18%
.
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