empty
 
 

18.09.202506:32:49UTC+00Iron Ore Slips on Weak China Demand

Iron ore futures decreased to approximately CNY 801 per ton on Thursday, reversing gains made in the previous session due to ongoing indications of weak demand from China's leading consumer. Data showed a continued decline in manufacturing and infrastructure investments for August, coupled with a significant drop in end-use steel demand in the third quarter, particularly from the property and construction industries. Market analysts observed that steel mill profit margins remain strained, leading to production cuts in several regions. However, the imminent restocking leading up to the National Day holiday is anticipated to provide some price support, alongside seasonal infrastructure project demands. On the supply front, China's crude iron ore production increased by 8.8% year-on-year in August, reaching 81.63 million metric tons, while shipments from key supplier Brazil also rose in the third quarter, contributing to global supply pressures.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback