Spot market prices held stable this morning. Traders are not active to submit quotations influenced by recent transactions, futures and derivative markets. Large traders deliver their cargos as planned. Small traders most hold a wait-and-see attitude towards the following market. Steel mills have weak purchasing desire supported by high iron ore stock level.
Iron ore spot market shows flat performance today and market enquiries stand slack. Most steel mills show no obvious purchasing plan influenced by falling futures and derivatives market. Traders are eager to deliver cargos on account of slack transactions at Shandong port in recent days. Port stocks maintain a high level.
Spot market transactions still focus on mainstream middle and high grade fines. Specifically, Jimblebar fines transactions climb up rapidly at major ports of north China due to high grade and suitable prices. Newman lumps transactions keep fair and prices stand at a high level.
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 ......
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