Markets

Iron ore prices rebound following a string of heavy losses

Iron ore prices rebounded on Tuesday, snapping the longest losing streak seen in months. Chinese steel futures reversed early losses to close higher, likely helping to support sentiment. The Caixin-IHS Markit China Services PMI for May will be released on Wednesday. Iron ore markets rebounded on Tuesday, helped by strength […]
Iron ore prices rebound following a string of heavy losses
Markets

Iron ore tumbles below $100 as Chinese steel futures slide

Iron ore prices fell heavily across the board on Monday, extending losses seen over the past week. The benchmark price is now back below the $100 a tonne level for the first time since May 16. Chinese steel futures fell heavily again on Monday. This was cited as one factor […]
Iron ore tumbles below $100 as Chinese steel futures slide
Markets

Iron ore prices tumble across the board

Iron ore prices tumbled across the board on Thursday. Dalian iron ore futures continue to slide following a fee hike announced late Tuesday. Volumes were more than 30% lower On Thursday than the session earlier. China will release its official manufacturing and non-manufacturing PMI report for May on Friday. ANZ […]
Iron ore prices tumble across the board
Markets

Iron ore wobbles as speculators move to the sidelines

Iron ore markets finished mixed on Wednesday. The benchmark inched up while higher and lower grades fell. Dalian iron ore future were wild following the introduction of higher transactions fees designed to curb speculative activity. Morgan Stanley says the days of soaring iron ore prices are numbered. Iron ore markets […]
Iron ore wobbles as speculators move to the sidelines
Markets

Iron ore suffers its largest fall in months

Higher iron ore grades fell heavily on Tuesday, pulling back from multi-year highs set a session earlier. In contrast, lower grades continued to rally, surging to fresh five-year highs. Chinese iron ore futures have reversed hard over the past 24 hours, having surged to record highs to start the week. […]
Iron ore suffers its largest fall in months
Markets

Iron ore staged another explosive rally to start the new trading week

Major iron ore grades soared by more than 3% on Monday, hitting levels not seen since early 2014. Chinese iron ore port inventories slumped again last week, falling to the lowest level since early 2017. Chinese iron ore futures briefly hit limit-up 6% on Monday, meaning the only thing preventing […]
Iron ore staged another explosive rally to start the new trading week
Markets

Iron ore futures hit record highs as Chinese inventories slide again

Chinese iron ore futures have surged to fresh record highs on Monday. Prices for major iron ore grades closed at or near multi-year highs on Friday. The Commonwealth Bank now expects prices will stay higher for longer than it previously forecast, describing the recent decline in Chinese iron ore port […]
Iron ore futures hit record highs as Chinese inventories slide again
Markets

Analysts are bullish on iron ore as prices continue to surge

Iron ore prices surged again on Friday, closing at or near the highest levels since early 2014. Chinese futures surged to record highs on Friday evening, pointing to further gains in physical markets on Monday. Capacity usage at Chinese steel mills continues to ramp up. Despite this, steel inventories are […]
Analysts are bullish on iron ore as prices continue to surge
Markets

Iron ore keeps on surging

Iron ore prices rallied across the board on Wednesday, closing at multi-year highs. Supply disruptions and strong Chinese steel production is helping to underpin price gains. Chinese iron ore port inventories fell last week to the lowest level since October 2017. Iron ore keeps on surging with both spot and […]
Iron ore keeps on surging
Markets

Iron ore futures are skyrocketing again

It’s quiet across Asian markets on Wednesday. The one exception is Chinese iron ore futures. The September 2019 contract on the Dalian Commodities Exchange has soared to fresh record highs at the mid-session break. Both futures and spot markets have surged since late last year, driven by supply disruptions and […]
Iron ore futures are skyrocketing again
Markets

Iron ore prices continue to grind higher as Chinese stockpiles fall

Mid and higher iron ore grades rose to fresh multi-year highs on Tuesday. Lower grades went backwards. Chinese iron ore port inventories have fallen to the lowest level since October 2017. The Commonwealth Bank says this has helped to underpin price gains recently. Chinese steel and bulk commodity futures continued […]
Iron ore prices continue to grind higher as Chinese stockpiles fall
Markets

Iron ore futures reverse after surging to record highs on Monday

Chinese iron ore futures reversed hard in overnight trade on Monday, pulling back from record highs struck earlier in the day. Chinese iron ore port inventories continued to decline last week. Chinese steel futures also strengthened on Monday. This is usually supportive for iron ore prices. Spot iron ore pricing […]
Iron ore futures reverse after surging to record highs on Monday