Iron ore futures in China fell as demand decreased.
Iron ore, the most traded commodity in May on China's Dalian Commodity Exchange (DCE), fell 0.11% on the day to 923 yuan ($129.15) per metric ton. Coking coal DJMcv1 increased by 0.48%.
Benchmark iron ore for January on the Singapore Exchange fell 0.25% to $132.15 per tonne.
On the Shanghai Futures Exchange, rebar SRBcv1 increased by 0.23%, hot rolled coil SHHCcv1 increased by 0.32% and stainless steel SHSScv1 increased by 0.99%.
In addition, China produced 85 million tons of minerals in November 2023, increasing by 6.6% on an annual basis. In the January-November period of 2023, total production increased by 7% on an annual basis and reached 904 million tons.
Comments
No comment yet.