-
Dalian iron ore hits seven-week low on concerns over China demand prospects
Dalian iron ore futures prices fell on Monday to their lowest in seven weeks, as a batch of downbeat data in top consumer China drove concerns over demand prospects for the key steelmaking ingredient. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) closed morning trade 0.19% lower at 770 yuan ($108.08) a metric ton. It touched the lowest since September 1 at 762.50 yuan earlier in the session. The benchmark November iron ore on the Singapore Exchange was, however, 0.41% higher at $104.35 a ton, as of 0354 GMT, supported by a softer US currency which makes dollar-priced ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From finance.yahoo.com | Oct 19, 2025
China's economic growth likely slowed to a one-year low in the third quarter as a prolonged property downturn and trade tensions weigh on demand, keeping pressure on policymakers to roll out more stimulus to shore up confidence and momentum. Beijing has unveiled modest support measures this year to preserve policy space for future shocks, helped by ...
From finance.yahoo.com | Oct 19, 2025
Copper consumption in the United States and India is set to emerge from China's shadow over the next decade as demand growth in the world's largest consumer of the industrial metal slows. Beijing's industrial and infrastructure expansion has helped fuel a rally that has seen copper prices rise to above $10,000 a metric ton from $1,500 25 years ago. But ...
China's GDP grew by 4.8% year-on-year in the third quarter, slowing for a second consecutive quarter from the 5.2% growth in the second quarter. Still, the economy managed to beat expectations for a steeper decline. Through the first three quarters of the year, China's economy has grown by 5.2% YoY. By industry, China's tertiary industry drove growth in ...
