AGL 5.26 Decreased By ▼ -0.24 (-4.36%)
ANL 8.40 Decreased By ▼ -0.09 (-1.06%)
AVN 75.81 Increased By ▲ 0.01 (0.01%)
BOP 5.17 Decreased By ▼ -0.07 (-1.34%)
CNERGY 4.40 Decreased By ▼ -0.02 (-0.45%)
EFERT 81.48 Decreased By ▼ -0.15 (-0.18%)
EPCL 49.40 Decreased By ▼ -0.30 (-0.6%)
FCCL 12.37 Decreased By ▼ -0.42 (-3.28%)
FFL 5.51 Increased By ▲ 0.01 (0.18%)
FLYNG 6.85 Increased By ▲ 0.12 (1.78%)
FNEL 4.68 Decreased By ▼ -0.02 (-0.43%)
GGGL 9.30 Increased By ▲ 0.88 (10.45%)
GGL 14.88 Increased By ▲ 0.93 (6.67%)
HUMNL 6.19 Increased By ▲ 0.11 (1.81%)
KEL 2.55 Decreased By ▼ -0.01 (-0.39%)
LOTCHEM 27.84 Increased By ▲ 0.19 (0.69%)
MLCF 23.45 Decreased By ▼ -0.34 (-1.43%)
OGDC 71.70 Increased By ▲ 0.60 (0.84%)
PAEL 15.30 Increased By ▲ 0.27 (1.8%)
PIBTL 4.84 Decreased By ▼ -0.06 (-1.22%)
PRL 15.63 Decreased By ▼ -0.35 (-2.19%)
SILK 1.07 Decreased By ▼ -0.03 (-2.73%)
TELE 8.82 No Change ▼ 0.00 (0%)
TPL 7.36 Increased By ▲ 0.28 (3.95%)
TPLP 19.55 Increased By ▲ 0.29 (1.51%)
TREET 21.05 Increased By ▲ 0.20 (0.96%)
TRG 137.13 Increased By ▲ 0.53 (0.39%)
UNITY 16.37 Decreased By ▼ -0.18 (-1.09%)
WAVES 9.35 Increased By ▲ 0.10 (1.08%)
WTL 1.37 Increased By ▲ 0.02 (1.48%)
BR100 4,164 Increased By 6.3 (0.15%)
BR30 15,350 Increased By 10.3 (0.07%)
KSE100 41,698 Increased By 46.7 (0.11%)
KSE30 15,402 Increased By 22.3 (0.15%)
Follow us

MANILA: China’s iron ore and steel prices rose on Tuesday, as the government’s latest rate cut boosted sentiment while demand prospect also looked set to improve ahead of peak season for construction steel.

The most traded January iron ore on the Dalian Commodity Exchange rose 2.8% to 707 yuan ($103.20) a tonne at the midday break, and Shanghai Futures Exchange’s most-active rebar contract advanced 1.6% to 4,051 yuan a tonne.

On the Singapore Exchange, the most-traded September contract rose 1.9% to $103.65 a tonne at 0327 GMT. “Usually September and October are the peak construction months. (There is a) rush to complete projects before the winter comes and it gets too cold.

Comments

Comments are closed.

China’s ferrous metals climb

Rupee depreciation continues, settles at 224.4 against US dollar

BHC orders to quash all FIRs registered against PTI's Azam Swati

Pakistan Refinery says will shut down for 'approximately 20 days'

China’s Xi meets Arab leaders on ‘milestone’ Saudi trip

Oil set for 10% weekly drop as demand worries dominate

Gas production at desired delivery pressure: Mari signs agreement with fertiliser companies

England 281 all out as Pakistan’s Abrar takes seven on debut

Electricity bills: PD says doesn’t want to manage tax, surcharge collection

Forex reserves fall to $6.7bn on repayments

CARs: ADB lists barriers to trade flows