Page 2 - Erik Hedborg News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Supply crunch keeps iron ore prices at historic highs Lack of new sources of production likely to keep demand greater than supply 26 May 2021 - 17:45 Lisa Steyn On a tear: The iron ore processing plant at Sishen. Picture: Bloomberg/Waldo Swiegers Despite a few ups and down, iron ore prices remain at levels that defy belief and, with a supply deficit expected to persist for the foreseeable future, there appears to be no end in sight. The bulk product, a critical component in steel making, has in 2021 seen a spectacular price rise to beyond $220 a tonne from $80 a tonne...

Ferrous prices in China fell on Thursday, led by benchmark iron ore that plunged as much as 9.5% as market participants paused after a super rally that sent prices to historical highs over the past few days. The most actively traded iron ore on the Dalian Commodity Exchange, for September delivery, closed down 7.5% at ...

Publishing date: May 12, 2021  •  1 hour ago  •  1 minute read  •  Article content BEIJING — Benchmark iron ore futures in China fell over 7% on Thursday as market participants paused after a five-session rally that sent the steelmaking ingredient to historical highs over the past few days. The most actively traded iron ore on the Dalian Commodity Exchange, for September delivery, was down 6.4% to 1,231 yuan ($190.76) a tonne by 0330 GMT, after declining 7.2% to 1,221 yuan earlier in the session. We apologize, but this video has failed to load. Try refreshing your browser, or...

BEIJING — Ferrous prices in China fell on Thursday, led by benchmark iron ore that plunged as much as 9.5% as market participants paused after a super rally…

China iron ore price plunges nearly 10% after a record-setting rally Stock Image. Benchmark iron ore price plunged as much as 9.5% in China as market participants paused after a super rally that sent prices to historical highs over the past few days. The most actively traded iron ore on the Dalian Commodity Exchange, for September delivery, closed down 7.5% at 1,217 yuan ($188.66) per tonne, after touching 1,190 yuan earlier in the session. Sign Up for the Iron Ore Digest Sign Up The iron ore price surged to a record $237.57 per tonne in New York on Wednesday as strong Chinese demand co...