Iron ore gains on china demand hopes
MANILA, March 20 (Reuters) Chinese steel and iron ore futures extended last week's gains to trade near recent highs on Monday, supported by expectations property sales in the world's top steel consumer would remain strong despite Beijing's efforts to tame the sector.Chinas iron ore futures rose on Monday to their highest since March 2018, extending gains on expectations of increased demand as the countrys steel inventories fell, and hopes that Beijing iron ore gains on china demand hopes
Iron ore gains on China demand hopes. Benchmark iron ore for material containing 62 per cent iron delivered in China jumped 4. 7 per cent to 111 a tonne. The benchmark price has recovered 25 per cent since hitting a threeyear low of 88. 50 at the start of September.
Iron ore gains on china demand hopes free
China iron ore, steel hit multimonth highs on trade hopes. everything will be back to normal, and demand (for steel) will be coming back, and that will support iron ore price, said Helen
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China's iron ore futures rose on Monday to their highest since March 2018, extending gains on expectations of increased demand as the country's steel inventories fell, and hopes that Beijing will
UPDATE 1China steel, iron ore pare gains; hopes of demand pickup support. The mostactive rebar on the Shanghai Futures Exchange closed up 0. 6 percent at 3, 344 yuan (533) a tonne, after surging as much as 4. 7 percent to a nearly twoweek high of 3, 480 yuan.
While the outlook for Brazilian iron ore supply remains in the driving seat, the gains in spot markets on Thursday were likely helped by signs that Chinese steel demand is strengthening.
China's iron ore futures rose to their highest since March 2018, extending gains on expectations of increased demand as the country's steel inventories fell.
Iron ore jumps by record 19 on China stimulus hopes. Instead, it has risen 46 per cent so far this year and is up 70 per cent since hitting a record low in December. The recent rally has been spurred by steel mills restocking ahead of the peak demand season in
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