11,082.63 TRY BIST 100 BIST 100
41.60 USD USD USD
5.88 CNY CNY CNY
48.81 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
39.37 TRY Interest Interest
64.63 USD Fossil Oil Fossil Oil
63.19 USD Silver Silver
11,082.63 USD Copper Copper
104.36 USD Iron Ore Iron Ore
340.00 USD Shipbreaking Scrap Shipbreaking Scrap
5,167.38 TRY Gold (gr) Gold (gr)

Chinese support for metals

Metals, especially iron ore, rose after the debt-hungry Chinese real estate giant Evergrande Group announced that many suspended housing projects would restart.

Chinese support for metals

Iron ore and some other metals rose after the Evergrande Group, one of China's largest housing developers, announced that 668 of the 706 discontinued projects will restart.

It is expected that the latest development after the boycotts in 100 cities, initiated by housing customers protesting the incomplete real estate projects in the country, will give the sector a breather.

Futures in Singapore rose 1.7 percent to $103.85 a tonne. Futures contracts on the Dalian Stock Exchange closed at 728.50 yuan, up 1.1 percent.

Aluminum rose 1.1 percent on the London Metal Exchange and traded at $2,307.50. Many metals rose, including copper. The decline in the dollar also supported the base metals.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Gerdau will start selling iron ore from 2026

Friday, October 3, 2025

SOGAD Calls for Provisional Measures Against Steel Imports from China and South Korea

Saturday, October 4, 2025

TÜİK announces september inflation figures

Friday, October 3, 2025

Cautious recovery in Türkiye’s imported scrap market

Friday, October 3, 2025

The 3rd International Iron and Steel Conference is just days away in Riyadh, Saudi Arabia

Friday, October 3, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now