China’s lockdowns are showing some sign of easing, firing up the iron ore market.
Iron ore prices lifted above US$137/t overnight and futures are again in positive territory as China tries to catch up on its economic growth targets.
“There are already signs steel producers are preparing for a rebound in demand,” ANZ Research’s Felicity Emmett said in a note.
“In the steel making hub of Tangshan, blast furnace usage is rising. Utilisation rates are on course for a third monthly increase with operations holding steady.
https://unauthorised investment advice/resources/ground-breakers-big-wheels-keep-on-turning-explorers-keep-on-drilling/?amp
Iron Ore futures in positive territory
Add CIA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.43 |
Change
-0.320(4.74%) |
Mkt cap ! $3.331B | |||
| Open | High | Low | Value | Volume |
| $6.56 | $6.61 | $6.43 | $12.12M | 1.865M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 19495 | $6.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.44 | 6600 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$6.45 |
Change
-0.320 ( 4.55 %) |
||||
| Open | High | Low | Volume | ||
| $6.55 | $6.60 | $6.44 | 332167 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| CIA (ASX) Chart |