Iron ore futures in China continue to be volatile amid ongoing demand shortages and high port stocks. On China's Dalian Commodity Exchange (DCE), the most traded iron ore contract for September, DCIOcv1, fell 0.92% to USD 111.74 per metric tonne. Coking coal DJMcv1 and coke DCJcv1 rose by 1.21% and 0.97%, respectively.
On the Singapore Exchange, the iron ore SZZFN4 benchmark for July rose by 0.43% to settle at USD 104.65 per tonne.
According to market analysts, the increase in port stocks will continue and iron ore prices will continue to hover around these levels throughout the week.
The Shanghai Futures Exchange was also mixed. Rebar SRBcv1 and wire rod SWRcv1 fell 0.11% and 0.18%, while hot rolled coil SHHCcv1 and stainless steel SHSScv1 were flat.
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