Iron ore futures in China started the week on a positive note, but fell amid weak trade data. In addition, exports and imports decreased. Among the reasons for the decline are the decrease in foreign demand and weak consumer spending in the country.
On the Dalian Commodity Exchange, China, the top traded iron ore in January finished daytime trading at 836.50 yuan ($114.18) per metric ton, down 1.9%.
Coking coal fell 0.3% and coke 0.4%.
The October iron ore contract on the Singapore Exchange fell 1.9% to $114.05 per ton as of 07:42 GMT.
The situation did not change in the steel indicators in Shanghai. Rebar increased 0.4%, hot rolled coil 0.7% and wire rod 4.8%; stainless steel fell 0.4%.
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