Iron ore futures in China fell to their lowest level in the week on Monday due to a decline in demand.
Iron ore, the most traded commodity in May on China's Dalian Commodity Exchange (DCE), fell 1.1% in daytime trading and was at 992.5 yuan ($138.65) per metric ton, the most since January 2. finished at a low level. Additionally, coking coal DJMcv1 decreased by 4.54% and coke DCJcv1 decreased by 2.62%.
The February iron ore benchmark on the Singapore Exchange was down 0.71% at $137.6 per tonne by 07:07 GMT.
The Shanghai Futures Exchange was also in decline due to low raw material prices. Rebar SRBcv1 fell 1.43%, hot rolled coil SHHCcv1 fell 1.34%, wire rod SWRcv1 fell 0.77% and stainless steel SHSScv1 fell 0.58%.
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