Morning offers of spot market resources basically held steady compared with that of yesterday. Partial traders show obvious desire to deliver cargo under futures market trend. Iron ore spot market stocks of steel mills go up influenced by the purchases of yesterday and their demand start to decrease today.
Market transactions: Iron ore spot market performance remains fair today and transactions climb down compared with that of yesterday. Market cargos are mainly flowed into regions of Shanxi and Tangshan. Iron ore demand is hard to increase in Wu’an influenced by production restriction. Transaction price of SSF stands at RMB278/tonne in Tangshan.
Market supply-demand: Iron ore market is obviously influenced by futures market in recent days. Moreover, production limitation and reduction measures are witnessed in some regions of north China. Thus, many traders hold wait-and-see attitude towards the coming market. Partial small traders see obvious desire to deliver cargos and spot market transaction prices climb down.
China National Petroleum Corporation (CNPC), the countrys largest oil and gas producer and supplier, has explored new petroleum and gas reserves, the company sai......
Spot iron ore prices surged past $117pmt today as Rio Tintos production target cut outweighed Vales announcement to resume operations fully at its Brucutu mine*.......
Pilbara Ports Authority has delivered a total monthly throughput of 56.5 million tonnes (Mt) for the month of October 2019. This throughput was a 2% decrease com......
SMM estimates that 87 vessels carrying 11.81 million mt of iron ore arrived at major Chinese ports during November 10-16, up 530,000 mt from the week ended Novem......
Chinas iron ore futures finished higher on Tuesday. The most active contract for January 2020 delivery finished the day session up 0.76 percent to 657 yuan per t......
Chinas iron ore futures finished lower on Wednesday. The most active contract for September 2019 delivery finished the day session down 0.23 percent to 881.0 yua......
Australian mining company Rio Tinto made its first ever iron ore sale in yuan from the northern Chinese port of Rizhao to a regional steelmaker, market participa......
Chinas crude oil futures settled higher on Thursday. The most active contract for July 2019 delivery gained 0.08 percent to 476.1 yuan per barrel, data from the ......
Chinas LPG imports rebounded in September to 1.77mn t, up by 6.5pc from the previous month as demand rose on the back of falling import costs. Saudi Arabias stat......
Chinas iron ore futures finished higher on Monday. The most active contract for January 2020 delivery finished the day session up 1.79 percent to 655.5 yuan per ......
.gif)
