Rebar Shanghai: +1.4% Copper LME: +1.2% Alumina: +0.7% Lead: -1.5% Iron ore 62%: -3.5%
iron ore market
Steel demand may grow in East Asian markets
After the Chinese holidays, it is expected to see an improvement in steel demand, increasing the iron ore price. However now no increase in steel and iron ore prices is seen in China or East Asia but is not far from mind as steel demand is strengthening. Though to the severe competition, the price of…
Iran iron ore price in BND and Chinese ports on September 18th 2019
Although Iran iron ore price reduced $1 per MT today, it has a weekly growth of 5.1% to 10.8%. Iranian concentrate 66% is over $100 in Chinese ports.
30% Tariffs on Iron Ore Exports from Iran
Global iron ore prices have bounced 37% in 2019, stimulating iron ore exports in Iran which is in conflict with government’s policy to control the domestic price of steel! So the only way is to add new tariffs on iron ore exports, be sure of the iron ore supply for Iranian steel mills. It seems…
Iron Ore Price Moving Toward $100!
A local court in Brazil tells Vale to halt its operations at one part of its Brucutu mine. Seaborne iron ore prices trended up during last two weeks (+17.2%) and again approaching to $100 ($99.3)! The restrictions in Vale as well as the early October holiday in China caused the iron ore price to increase.…
Iran Iron Ore Price on September 10th 2019
Iranian export iron ore price raised 3$ per MT on FOB term (BND). Iranian hematite fines 60% had 5.7% weekly growth. Iranian concentrates also improved 1.5% in comparison with last week. The China decision to cut RRR by 0.5ppts has caused the market to trend up.
Iran Iron Ore Prices on September 5th 2019
The prices show 36% weekly growth for low grade iron ores. Iranian concentrate 66% increased to 65.9$ (+8.2%)! The growth of China purchasing managers’ index (PMI) and less steelmaking restrictions in Tangshan, all have caused Iran iron ore price to boost.
Iron Ore Price Ramped Up!
Index for iron ore 62% CFR China increased 7% and again passed USD90 on Monday! The reason is the release of new environmental rules in Tangshan, hub of China steelmaking, in which fewer restrictions will be applied on steelmaking mills and more limitations on iron ore agglomeration and pelletizing! Purchasing Managers’ Index (PMI) also increased…
Steel’s Bearish Trend:
Index for steel in global markets follows the fall of iron ore market.
Iron Ore Price is expected to Rise!
Index for #iron_ore reduced 2.9$ on Monday 26th August. This reduction is related to #Trump decision in order to increase tariffs (5%) on Chinese products and goods and the #Yuan_devaluation (-0.82%), causing #iron_ore_import to #China more expensive and decreasing iron ore demand. On the other hand China has reduced the limitations on #steel_mills for September…