AVN 65.45 Increased By ▲ 0.50 (0.77%)
BAFL 30.65 Decreased By ▼ -0.86 (-2.73%)
BOP 4.83 Increased By ▲ 0.04 (0.84%)
CNERGY 3.72 Decreased By ▼ -0.12 (-3.13%)
DFML 14.26 Decreased By ▼ -0.15 (-1.04%)
DGKC 41.06 Decreased By ▼ -0.54 (-1.3%)
EPCL 46.56 Decreased By ▼ -0.14 (-0.3%)
FCCL 11.35 Increased By ▲ 0.06 (0.53%)
FFL 5.03 Decreased By ▼ -0.02 (-0.4%)
FLYNG 5.78 Decreased By ▼ -0.04 (-0.69%)
GGL 10.28 Decreased By ▼ -0.17 (-1.63%)
HUBC 67.03 Increased By ▲ 1.39 (2.12%)
HUMNL 5.68 Increased By ▲ 0.02 (0.35%)
KAPCO 27.85 Increased By ▲ 0.10 (0.36%)
KEL 2.19 Increased By ▲ 0.04 (1.86%)
LOTCHEM 24.83 Increased By ▲ 0.48 (1.97%)
MLCF 21.37 Decreased By ▼ -0.11 (-0.51%)
NETSOL 84.20 Decreased By ▼ -0.59 (-0.7%)
OGDC 85.94 Decreased By ▼ -1.31 (-1.5%)
PAEL 11.01 Increased By ▲ 0.03 (0.27%)
PIBTL 4.17 Decreased By ▼ -0.05 (-1.18%)
PPL 74.56 Decreased By ▼ -1.14 (-1.51%)
PRL 13.40 Decreased By ▼ -0.25 (-1.83%)
SILK 0.92 Increased By ▲ 0.03 (3.37%)
SNGP 40.44 Decreased By ▼ -0.89 (-2.15%)
TELE 5.86 Increased By ▲ 0.01 (0.17%)
TPLP 15.42 Decreased By ▼ -0.22 (-1.41%)
TRG 111.63 Decreased By ▼ -0.07 (-0.06%)
UNITY 13.76 Decreased By ▼ -0.22 (-1.57%)
WTL 1.14 Decreased By ▼ -0.02 (-1.72%)
BR100 4,037 Decreased By -26.9 (-0.66%)
BR30 14,412 Decreased By -56.6 (-0.39%)
KSE100 40,471 Decreased By -262.4 (-0.64%)
KSE30 15,163 Decreased By -67.2 (-0.44%)
Follow us

BEIJING: Chinese steel and iron ore futures traded in tight range on Friday, but were all on course for weekly declines due to weak seasonal demand and disruptions from output control speculations. Benchmark iron ore futures on the Dalian Commodity Exchange, for September delivery, dipped 0.6% to 902 yuan ($139.55) per tonne as of 0330 GMT, following the drop in spot 62% iron ore which plunged $11 to $174.5 per tonne on Thursday. For the whole week, iron ore futures are set to fall 12.2%, the biggest weekly drop since the week ended Feb. 28, 2020.

“Iron ore and steel prices have started showing signs of weakness after a long-standing rally, with iron ore falling significantly in the past month,” Fitch Solutions wrote in a note. “Going forward, an improvement in supply and lower consumption by downstream layers will cap price gains for both,” it added.

Comments

Comments are closed.

China iron ore, steel futures range-bound

Dar hits out at Imran Khan’s ‘irresponsible tweet’ about current govt

Islamabad court sends Sheikh Rashid on 14-day judicial remand

Imran says PTI to fill jails on his call to protest against govt's vengeful actions

Imran Khan not brave enough to voluntarily accept arrest: Marriyum Aurangzeb

Analyst fears further rupee decline in coming days

Wikipedia asks Pakistan to restore access to its service

Sri Lanka completing pre-requisites for IMF aid: President

Pakistan to appeal to Taliban leader after terrorism surges

US allows seized Russian money to go to Ukraine aid: report

Ukraine, Russia swap prisoners; bodies of British volunteers returned