Iron ore futures continue to decline due to the negative impact of domestic supply and demand concerns on investors in China.
Iron ore, the most traded January commodity on the Dalian Commodity Exchange (DCE), closed daytime trading down 0.69% at 862.5 yuan ($118.19) per metric ton, after falling 0.2% on Monday.
Additionally, coking coal increased by 1.1% and coke by 0.3%.
Looking at the Singapore Exchange, the October iron ore SZZFV3 benchmark fell 0.87% to $120.7 as of 06:55 GMT, recouping some of its losses at the beginning of the session and remaining above the psychological level of $120 per tonne.
The rise was dominant in the Shanghai Futures Exchange. Rebar SRBcv1 increased by 0.29%, hot rolled coil SHHCcv1 increased by 1.31% and wire rod SWRcv1 increased by 0.49%. Stainless steel SHSScv1 decreased by 0.23%.
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