9,347.17 TL BIST 100 BIST 100
31.06 $ USD USD
€33.62 EUR EUR
43.42 TL Interest Interest
83.25 $ Fossil Oil Fossil Oil
22.62 $ Silver Silver
3.88 $ Copper Copper
121.11 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,023.50 TL Gold (gr) Gold (gr)

Iron ore started the new week with an increase

Iron ore prices are rising on expectations of Chinese stimulus measures and copper on optimism that the Fed's tightening cycle is coming to an end.

Iron ore started the new week with an increase

China's promises of stimulus for the construction sector and plans to issue additional government debt pushed iron ore prices up more than 2 percent in the new week, ending a decline in the last eight sessions. While the Central Bank of China decided to keep benchmark lending rates unchanged, expectations of additional easing are supporting the iron ore rally.

Copper prices posted their biggest weekly gain since July on expectations of an end to Fed rate hikes amid concerns that the US economy is slowing. Investors are strengthening expectations that the Fed's tightening policies will end as US data show economic weakness.

Copper prices rose 2.9 percent last week to $8,333 a ton on the London Metal Exchange. These developments indicate that the volatility in commodity markets will continue due to China's incentives and the Fed's policy changes.


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

South Korea increased its crude steel production in January

Saturday, February 24, 2024

Nippon Steel's bid to acquire US Steel has ignited national security debates in the US

Saturday, February 24, 2024

NLMK Europe announced the partnership with Askon Demir Çelik

Saturday, February 24, 2024

The US imposes sanctions on 93 entites, including Türkiye: Here are 16 targeted companies from Türkiye

Saturday, February 24, 2024

Iron ore prices in decline: Abundant supply and weak demand continue to pressure

Saturday, February 24, 2024
Follow List
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