Iron-ore falls as shipments jump, Trump agrees to two-week ceasefire | Metals Mine

  • Iron-ore falls as shipments jump, Trump agrees to two-week ceasefire

    From miningweekly.com

    Iron-ore futures prices fell on Wednesday, as shipments of the key steelmaking ingredient from major suppliers surged and US President Donald Trump agreed to a two-week ceasefire with Iran. The most-traded iron-ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 slid 1.12% to 791.5 yuan ($115.87) a metric ton, as of 02:12 GMT. It touched its lowest since March 12 at 789.5 yuan earlier in the session. The benchmark May iron ore SZZFK6 on the Singapore Exchange was down 0.87% at $105.75 a ton, as of 02:02 GMT. Iron-ore shipments from major suppliers Australia and Brazil jumped by 30.5% week-on-week to ... (full story)

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