Coal News Hubb
Advertisement Banner
  • Home
  • News
  • Coal Mining
  • Contact
No Result
View All Result
  • Home
  • News
  • Coal Mining
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home News

Iron ore price rises as China property optimism lifts mood

admin by admin
December 21, 2022
in News


That follows other recent sentiment-boosting developments, including Industrial and Commercial Bank of China agreeing to offer 400 billion yuan ($57.41 billion) financing to support 10 real estate firms.

A persistent property sector weakness in China, alongside a local covid-19 surge that’s restricting economic activity, has prompted the World Bank to cut its growth outlook for the world’s second-largest economy and top steel producer for 2022 and 2023.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $113.60 a tonne Wednesday morning, up 3.1%.

The most-traded May iron ore on China’s Dalian Commodity Exchange ended daytime trade 3.6% higher at 829 yuan ($118.88) a tonne.

(With files from Reuters)





Source link

Previous Post

De Beers’ final sales cycle of the year generates $410m

Next Post

Business ecosystems in asset finance: Greater than the sum of their parts

Next Post

Business ecosystems in asset finance: Greater than the sum of their parts

Recommended

Glencore pays $180m to Congo after admitting corruption

2 months ago

Gold price slips ahead of US inflation data, Fed decision

2 months ago

© 2022 Coal News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Coal Mining
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Coal Mining
  • Contact

© 2022 Coal News Hubb All rights reserved.