Industry News

Iron ore price plummets 9% as China warns traders to avoid fake pricing

Views : 186
Update time : 2022-02-16 22:01:22

The iron ore price plummeted on Tuesday as China ramped up a campaign to stop prices overheating even before the government rolls out demand-boosting stimulus measures this year.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $134.88 a tonne during morning trading, down 9.4% compared to Friday’s closing.

Related News
Read More >>
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Apr .29.2025
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .29.2025
Brazil's steel imports may break Mar record in Apr
Nickel prices surge as LME inventories decline & US-China trade tensions ease Nickel prices surge as LME inventories decline & US-China trade tensions ease
Apr .29.2025
Nickel prices surge as LME inventories decline & US-China trade tensions ease
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics
Apr .29.2025
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics