Iron ore tumbles as China's curbs on steel output roil ...
Iron ore tumbles as China's curbs on steel output roil market. (Bloomberg) -- Iron ore futures extended losses below US$100 a ton on shrinking steel output in …
Iron ore tumbles as China's curbs on steel output roil market. (Bloomberg) -- Iron ore futures extended losses below US$100 a ton on shrinking steel output in …
Iron ore with 63.5% iron content for delivery in Tianjin extended losses to $96.5 per metric tonne, the lowest since May 2020 and more than 50% below its record high level of 229.5 reached in May on bearish outlooks for iron ore demand and China's efforts to tame commodity prices. After enforced constraints on steel production in 2021, China ordered steel mills to lower output during the ...
Iron ore spot price fell 15% over the month of August to US$159/tonne at the time of writing. While we have been expecting iron ore prices to trend lower, the speed of the price contraction was impressive. Our analysis of market fundamentals shows support for iron ore prices at US$130/tonne. While technical indicators show prices should trade ...
Iron ore price tumbles on gloomy China demand outlook. Market Trading Essentials July 30, 2021. 1 minute read. According to Fastmarkets , benchmark 62% Fe fines imported into Northern China were changing hands for $181.57 a tonne, down …
Benchmark iron ore futures in China dived to its daily trading limit in Tuesday morning trade, and fell below 600 yuan ($93.75) per tonne for the first time in nearly a year due to loose supply ...
Iron ore is at a transition point. The same drivers of rising prices through 2019/20 went into reverse from mid-2021: supply constraints started to ease, but more significantly, the long awaited and much talked about cuts to Chinese steel production started to take effect, reinforcing our view that 2020/21 = peak hot metal production for China.
"Concerns over the outlook for the Chinese real estate market continue to weigh on the iron ore and steel markets. China appeared to ramp up efforts to curb steel production, with restrictions now extended into the first quarter of 2022 to ensure less pollution during the Beijing Winter Olympics," she said in a note this morning.
Benchmark iron ore futures in China dived to its daily trading limit in Tuesday morning trade, and fell below 600 yuan (US$93.75) per tonne for the first time in …
The most-traded iron ore for September delivery on China's Dalian Commodity Exchange DCIOcv1 slumped 2.5% to 1,105 yuan ($170.67) a tonne by …
Souring iron ore outlook set to persist into 2022 . Author Kip Keen Theme Metals; Ships docked at an iron ore operation. Source: Nearmap via Getty Images. The outlook for iron ore prices has soured as China slashed steel production, one of its largest property developers defaulted and the country advanced its work to decarbonize its economy. ...
Iron Ore Technical Outlook. Iron ore prices have moved sharply lower since a big gap under trendline support in late July. Since then, the fall has intensified, dropping as low as 147.10, the ...
Global Iron Ore Mining Outlook 26 Aug 2021 Global Iron Ore Key View ... China's iron ore sector will become increasingly consolidated due to high costs of mining low grade ore, and
In August 2021, about 84 million metric tons of crude iron ore had been extracted in China. Iron ore mining in China Iron ore mining in China has drastically decreased since the beginning of …
Souring iron ore outlook set to persist into 2022. The outlook for iron ore prices has soured as China slashed steel production, one of its largest property developers fears and the country advanced its work to decarbonize its economy. Iron ore prices plummeted through August, falling about $100 per tonne to as low as $94/t by mid-September for ...
Iron ore extends rout on weakening China demand outlook. The spot price of iron ore plunged near 15 per cent on Thursday, extending a rapid retreat, as demand for the steel-making material ...
Vale's weaker production, China demand supports iron ore outlook. in Commodity News 09/02/2021. Miner Vale's weaker-than-expected iron ore and pellet production for …
Storm clouds gather over iron ore outlook with China woes, rising supply. Prices reached a comfortable spot over the past two months, but growing supply and easing demand may push them downward ...
IRON ORE SUPPLY. If the demand outlook for steel raises some questions, the supply of iron ore asks a few more. The rally to the all-time high was …
Australia, the world's top exporter of iron ore, is expecting China's iron ore demand to remain high over the next 12 months, although Chinese steelmakers may seek to reduce production ...
Spot prices of iron ore with 62% iron content for delivery to China fell $9.5 to $107 per tonne on Monday, data from SteelHome consultancy showed. Coking coal …
Futures for iron ore to be delivered in China in November fell more than 6% Tuesday—down almost 20% in the last five days alone—as contracts for December delivery slipped 5.7%. Meanwhile,...
Bearish iron ore demand The strict "Two High" regulations show that China is determined to keep crude steel output in line with 2020's, sources said. China produced about 733.02 million tonnes of crude steel in January to August this year, up by 5.3% compared with 2020, according to data from National Bureau of Statistics (NBS).
The most-traded iron ore for January 2022 delivery on China's Dalian Commodity Exchange DCIOcv1 fell as much as 5.3% to 845 yuan ($130.51) …
11 The most-traded iron ore futures on the Dalian Commodity Exchange, for January delivery, fell 2.6% to 564 yuan ($88.11) per tonne as of 0330 GMT. The contract was set for …
2 The iron ore price in China fell below 600 yuan ($93.75) per tonne for the first time in nearly a year due to loose supply conditions and poor demand outlook. Iron ore price in Singapore tumbled ...
1 Iron ore price rebounds despite poor demand outlook. Steel works in China. Image by junrong. The iron ore price recovered some ground on Wednesday after it fell below $100 per tonne for the first ...
Iron ore prices have lost nearly 30% on demand concerns and China's orders to curb steel production. "Dr. Copper" as a barometer of economic health is …
Please try again later. (Bloomberg) -- Iron ore futures traded back below $100 a ton on shrinking steel output in China and signs economic growth is facing mounting headwinds. Prices slumped as ...
The most-traded iron ore for January 2022 delivery on China's Dalian Commodity Exchange DCIOcv1 ended daytime trading 4.4% lower at 852.50 yuan ($131.67) a tonne, after earlier hitting 845 yuan ...
Chinese iron ore prices have certainly been on a roller coaster ride this year, hitting a record high in value terms after a period in which the price had risen and fallen sharply.
2 China iron ore futures hit trading limit, plunge to nearly 1-yr low. Beijing November 3 2021: Benchmark iron ore futures in China dived to its daily trading limit on Tuesday and fell below 600 yuan ($93.75) per tonne for the first time in nearly a year due to …