Iron ore inventories at 45 Chinese ports increased by 260000 tonnes to 127 million tonnes in the 2nd week of August data from Mysteel consultancy. Iron Ore Price.
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While higher prices in July 2021 still mean that the year-to-date average iron ore price for 2021-22 is still above the budget estimate its only a matter of days before that reality reverses.
Iron ore price today. Benchmark iron ore prices with 62 iron content in August have tumbled roughly 26 to trade above 156 per metric ton driving to levels not seen. The long term bull story in steel has developed a crack. Todays Change -0540 -025.
1 day agoThe benchmark price fell as low as 13020 a metric ton on Thursday following a 15 single-day nosedive to its lowest value since November 2020 according to SP Global Platts which publishes. 28 rows Live Iron Ore price in USD. PBF at Shandong port quoted as 1110-1120yuanmt in the morning down 40yuanmt over yesterdays deal price.
Iron Ore Fe is mined in around 50 countries worldwide and used to make steel buildings cars white goods etc. Steel production cutbacks in Chinas blast furnacebasic oxygen furnace BFBOF steel industry sector are being cited as the lead factor in falling iron ore prices. While prices are not likely to remain above 200 per ton there wont be a collapse and they could hover between 100 to 150 per ton analysts at the Singapore Iron Ore Forum said.
SteelOrbis is the primary information source preferred by leading iron ore producers for its up-to-date iron ore prices iron ore market analyses and news as it closely follows the main iron ore markets such as Australia Brazil and China. Domestic iron ore prices need to correct by a good Rs 2000 per tonne for us domestic market to be aligned with the global market. Iron Ore Prices News and Analysis.
Prices for iron ore cargoes with a 635 iron content for delivery into Tianjin dropped below 150 a tonne in the second half of August the lowest level since December amid falling demand rising stocks and curbs on steel production in China. Global economic growth is the primary factor that drives its supply and demand. Data delayed at least 30 minutes as of Jul 01 2021 1459 BST.
Iron-ore prices touched record highs this year but look to suffer their biggest monthly loss ever as Chinas curbs on carbon emissions include limits on the output of steel. 1 day agoAugust 23 2021 0159 PM IST. Iron ore and steel prices in several regions around the world have been falling in August potentially signaling some softness in what has been a historically pricey ferrous scrap market.
PBF at Shandong port quoted as 1110-1120yuanmt in the morning down 40yuanmt over yesterdays deal price. 1 day agoA marginal drop in NMDC ore prices in July has not yielded much for the secondary producers said industry executives. DCE iron ore futures closed slightly higher than yesterday although it hit the lowest 735 during trading period.
The most-traded January 2022 iron ore on Chinas Dalian Commodity Exchange ended daytime trading 03 firmer at 77750 yuan 11964 a tonne but dropped 8 this week. Although DCE iron ore futures tend to be better since todays performance the. Although DCE iron ore futures tend to be better since todays performance the spot price still continue to decrease.
On this site you get the real-time price of Iron. The July price cut by NMDC translates into cost reduction of just about Rs 350 per tonne. 1 Year change 10487.
MMi Daily Iron Ore Report August 20 DCE iron ore futures closed slightly higher than yesterday although it hit the lowest 735 during trading period. 1 hour agoWhile higher prices in July 2021 still mean that the year-to-date average iron ore price for 2021-22 is still above the budget estimate its only a matter of days before that reality. Steel shares have been declining with prices of JSW Steel and.
When economies are growing the need for steel in construction increases which drives the price up. 52 week range 16444 - 21180. Get all information on the Price of Iron Ore including News Charts and Realtime Quotes.
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