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...Iron ore surged for a third session in anticipation of stronger demand from steel mills next month. The spot price for ore landed in China climbed US$4.75 or 5 per cent to US$99.45 a tonne. The most active contract on China’s Dalian Commodity Exchange traded limit up yesterday morning before finishing 7.8 per cent ahead.
Traders said steel mills had reduced production under government-mandated environmental curbs by so much that there was room for increases next month.
“The supply-side of iron ore has not changed much recently, but more mills are planning to increase output next month,” a Beijing-based trader told Reuters.
BHP‘s US-listed stock climbed 2.78 per cent. Its UK-listed stock added 3 per cent. Rio Tinto put on 2.98 per cent in the US and 2.89 per cent in the UK.... |
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发表于 2021-11-11 16:38
