7,855.06 TL BIST 100 BIST 100
28.92 $ USD USD
€31.16 EUR EUR
38.38 TL Interest Interest
74.67 $ Fossil Oil Fossil Oil
23.80 $ Silver Silver
3.75 $ Copper Copper
132.52 $ Iron Ore Iron Ore
387.00 $ Ship Dismantling Ship Dismantling
1,883.86 TL Gold (gr) Gold (gr)

Iron ore continues to improve in China

Iron ore at three-week high on policy support, resilient demand.

Iron ore continues to improve in China

The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trading 0.91% higher at 777 yuan ($106.35) a metric ton, the highest since July 26.

Coking coal DJMcv1 increased 2.6% and coke DCJcv1 increased 2.38%.

The benchmark September iron ore on the Singapore Exchange was up 0.56% at $107.45 a metric ton, as of 0717 GMT, the highest since July 31.

Some analysts said that Iron ore consumption remains resilient amid the high levels of hot metal production, although steelmakers exercised caution on purchasing volumes.

Looking at the Shanghai Futures Exchange, steel products fell. Rebar SRBcv1 decreased by 1.4%, hot rolled coil SHHCcv1 decreased by 0.79% and wire rod SWRcv1 decreased by 1.64%.


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