Industry News

Iron ore futures higher

Views : 127
Update time : 2021-06-29 17:34:01

Iron ore futures in Asia climbed on Monday, supported by a steady decline in portside stockpiles of the steelmaking ingredient in China, the world's top steel producer, Reuters reports.

The most-traded September iron ore on China's Dalian Commodity Exchange gained by 3.2 percent to 1,209.50 yuan (US$187.13) a ton, its strongest since June 21.

The most-active July iron ore on the Singapore Exchange advanced by 1.1 percent at US$213.85 a tonne, its highest since June 15.

Imported iron ore stocked at Chinese ports dropped for a fourth straight week to 123.95 million tons, as of Friday, hitting the lowest since early October, data from SteelHome consultancy showed

Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices