reuters article
china's iron-ore futures fell sharply on Friday amid growing skepticism about
whether a rally in prices can sustain as housing sales taper. Feeding into concerns about
the price run up in iron-ore, the main steel-making ingredient, as well as steel, is
piling inventories. The strong price rally since the Lunar New Year is also expected to
trigger restarts of idled blast furnaces, says Citibank. Despite recent measures by China
to trim steel output capacity to reduce pollution, China's steel production in the first
10 days of February post the Lunar New Year grew by 9% year-on-year, says Argonaut
Securities. Dalian iron ore futures for delivery in May are down 3.7% at CNY698/ton,
while Shanghai steel rebar futures are down nearly 2% at CNY3842/ton.
FMG / IO Outlook and News, page-13
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Last
$20.35 |
Change
0.000(0.00%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.47 | $20.68 | $20.28 | $96.30M | 4.714M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.35 | 20500 | 1 |
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| FMG (ASX) Chart |