View full page at metalsmine.com

 

Dalian iron ore extends fall on lingering concerns over China demand

From brecorder.com

Dalian iron ore futures prices fell for a second straight day on Tuesday, weighed down by lingering concerns over demand for the key steelmaking ingredient in top consumer China. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) slid 0.44% to 788.5 yuan ($113.34) a metric ton by 0223 GMT. The benchmark January iron ore on the Singapore Exchange was little changed at $103.6 a ton, as of 0213 GMT.More steel mills have started equipment maintenance in the run-up to the Lunar New Year holiday in February, dampening appetite for feedstocks including iron ore, analysts at broker Zhengxin Futures ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis