Prices for iron ore cargoes with a 63.5% iron ore content for delivery in Tianjin advanced to $130 per tonne, the highest in over seven months, amid expectations of robust demand and risks to supply. Beijing stated it would accelerate the issuance of bonds after accommodating for an additional CNY 1 trillion in debt to target steel-heavy infrastructure and manufacturing projects. The developments magnify previous signals from lenders, miners, and metallurgists that robust demand for infrastructure in China is expected to offset the debt crisis for the residential construction sector, maintaining active purchasing activity for iron ore inputs. In the meantime, giant Australian miner BHP approved industrial action plans that could halt selected mining operations in the near term.
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Iron Ore Bull Run
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Last
29.0¢ |
Change
-0.010(3.33%) |
Mkt cap ! $68.36M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.0¢ | $3.702K | 12.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4592 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 127390 | 6 |
View Market Depth
| Last trade - 12.40pm 08/05/2024 (20 minute delay) ? |
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Last
29.0¢ |
Change
-0.010 ( 1.69 %) |
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| Open | High | Low | Volume | ||
| 29.0¢ | 29.5¢ | 29.0¢ | 23705 | ||
| Last updated 14.10pm 08/05/2024 ? | |||||
| CZR (ASX) Chart |