China’s imported iron ore market remains stable amid price increase in individual grades of iron ore but negotiable. Traders show strong desire to deliver while steel mills tend to wait and see on Monday. It is learnt current iron ore profits remain low and any unfavorable fundamental factors causing price decline may lead to losses. Steel profits albeit stay high are not likely to push up raw materials prices by a large margin. Iron ore market is still face oversupply. PB fines were heard to trade higher at RMB495/tonne in Shandong and SSF at RMB310/tonne; PB fines and SSF were sold at RMB510/tonne and RMB310/tonne respectively in Tangshan. Total trades at dockside are lower than last week, along with a price rise of RMB3-5/tonne.
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)
