Archive · Business Recorder
Iron ore firms on China pre-holiday restocking, demand uncertainty caps gains
Iron ore prices rose for a second session on Thursday, as Chinese steelmakers stepped up seaborne purchases ahead of a national holiday, although shrinking steel mill margins clouded the demand outlook. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) rose 0.35% to 711 yuan ($105.94) a metric ton, as of 0147 GMT. The benchmark October iron ore on the Singapore Exchange was 0.26% higher at $96.05 a ton, as of 0137 GMT, hovering below the key psychological level of $100 for six straight sessions. Several steelmakers booked seaborne cargoes for the upcoming week-long N...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →