Trends - iron ore - Business Recorder

iron ore

China seeks to cool red-hot steel sector

LAUNCESTON: China has moved to cool its red-hot steel sector by discouraging exports and boosting imports of some...

Published 04 May, 2021 04:26am

Markets

Iron ore futures higher

HANOI: Iron ore futures in Asia rose on Tuesday, as data showing strong profit growth at China’s industrial firms...

Published 28 Apr, 2021 03:18am

Markets

China steel, iron ore futures hit record highs

BEIJING: Chinese steel futures hit all-time highs on Monday, underpinned by robust demand and concerns over...

Published 27 Apr, 2021 03:02am

Markets

Strong global steel demand lifts Asia's iron ore benchmarks

Construction steel rebar on the Shanghai Futures Exchange fell 1%, while hot-rolled coil slipped 0.3%. Still, Shanghai's most-traded steel contracts are among this year's top gainers in China's ferrous metals complex.

Published 19 Apr, 2021 11:53am

Markets

Asia Iron ore slips as China steel prices fall

MANILA: Asia’s iron ore benchmarks slipped on Friday as steel futures in Shanghai stretched their losses, but the...

Published 10 Apr, 2021 04:34am

Markets

Iron ore slips as China steel prices fall, but set for weekly gains

"The fundamentals are still positive for steel prices," Sinosteel Futures analysts said in a note, citing robust downstream domestic demand.

Published 09 Apr, 2021 11:19am

Markets

China iron ore set for 10% weekly loss, steel futures extend gains

Steel futures, meanwhile, extended gains on continuously recovering consumption. Apparent demand for rebar and hot rolled coil rose by 7% and 2% week-on-week, respectively.

Published 02 Apr, 2021 11:18am

Markets

Dalian iron ore dips on environmental curbs, spot price tracking

BEIJING: China’s benchmark iron ore futures dropped on Wednesday, as the country’s environmental policy...

Published 01 Apr, 2021 04:10am

Markets

Dalian iron ore dips as environmental curbs dampen demand

Hot-rolled coil, used in cars and home appliances, increased 0.1% to 5,363 yuan on upbeat economic data.

Published 31 Mar, 2021 02:10pm

Markets

China iron ore bounces back from selloff driven by pollution curbs

The benchmark 62% Fe iron ore's spot price rebounded to $161 a tonne on Tuesday from a seven-week low, SteelHome consultancy data showed.

Published 24 Mar, 2021 01:15pm

Markets

China iron ore, coke futures tumble on Tangshan pollution clampdown

"The spectre of further restrictions on the real estate market (is) also weighing on sentiment," ANZ commodity strategists said in a note.

Published 22 Mar, 2021 11:28am

Business & Finance

Fortescue sees 'violent' change as it pushes for net zero emissions by 2030

Unlike its peers, Fortescue does not disclose estimates of customer emissions, arguing that would be double counting under the United Nations framework, which mandates nations take responsibility for emissions within their borders.

Published 15 Mar, 2021 12:00pm

Markets

Lacklustre commodity imports throw spanner in new super-cycle works: Russell

LAUNCESTON, (Australia): A warning shot has been fired across the bow of proponents of the view that commodities are...

Published 10 Mar, 2021 04:59am

Markets

Iron ore hits 2-week low as Chinese city curbs steel output

The most-active May iron ore contract on the Dalian Commodity Exchange fell as much as 4% to 1,100 yuan ($168.43) a tonne, the weakest since Feb. 24.

Published 09 Mar, 2021 11:03am

Markets

Iron ore rises on easing China liquidity concerns

DALIAN: Iron ore futures extended gains on Tuesday as concerns over tight market liquidity in China eased, with...

Updated 07 Mar, 2021 05:23pm

Markets

China steel, iron ore futures fall sharply as demand optimism wanes

"On top of that, the seasonal restocking cycle of national steel inventories is drawing to a close, with the growth in stocks slowing this week, meaning that some mills will soon start to moderate capacity utilization rates," he said.

Published 05 Mar, 2021 10:39am

Markets

Spot gold may retest support at $1,716

Only a break above $1,761 could signal the completion of the wave C. On the daily chart, gold is still testing the support at $1,723, the 76.4% projection level of a downward wave C from $1,959.01.

Published 03 Mar, 2021 10:00am

Business & Finance

Kumba Iron Ore pays out cash and invests in Sishen mine after strong profits

Kumba Iron Ore reports 40% rise in FY profit.
Declares higher final dividend.
To invest 3.6 bln rand to extend Sishen life of mine.

Published 23 Feb, 2021 08:10pm

Markets

China iron ore futures retreat as Tangshan city sounds pollution alert

"The strong pick-up in steel demand in 2021 amidst a robust and broad economic recovery will impede prices from crashing and will help them average at elevated levels this year," according to Fitch Solutions.

Published 23 Feb, 2021 11:49am

Markets

Dalian iron ore hits 3-week high on China demand hopes

SHANGHAI: Dalian iron ore jumped to its highest in three weeks on Wednesday and was set for a weekly gain of more...

Published 11 Feb, 2021 04:34am

Markets

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 160,278 tonnes of cargo comprising 125,615 tonnes of import cargo and 34,663 ...

Published 10 Feb, 2021 04:12am

Markets

China’s iron ore futures rise on pre-holiday trade

BEIJING: Iron ore futures rose on Monday, with China’s benchmark contract extending a run of strong gains for a...

Published 10 Feb, 2021 04:12am

Markets

Australian shares up

SYDNEY/WELLINGTON: Australian shares advanced on Monday on rising hopes of a broader economic recovery after US...

Published 09 Feb, 2021 04:43am

Markets

China demand prospects lift iron ore in light pre-holiday trade

Rebar on the Shanghai Futures Exchange rose 2.3% by 0330 GMT and hot-rolled coil jumped 3.1%, both also up for a third straight session. Stainless steel gained 0.2%.

Published 08 Feb, 2021 11:02am

Markets

Iron ore jumps as Brazil’s output subdued

BEIJING: Iron ore futures leapt on Thursday, after Vale SA released lacklustre annual production figures, as the...

Published 07 Feb, 2021 04:07am

Markets

Iron ore futures rise on post-Lunar New Year demand optimism

After the holiday, Widnell said "leading indicators will be the pace at which warehouses restock steel, rebounding blast furnace capacity utilization rates, and slower arrivals of Australian and Brazilian iron ore - all of which should be price supportive".

Published 05 Feb, 2021 11:38am

Markets

China’s iron ore futures fall

BEIJING: Dalian iron ore futures fell on Wednesday on rising shipments from the world’s biggest suppliers of the...

Updated 05 Feb, 2021 11:47pm

Markets

Iron ore futures rebound as Brazil's Vale reports subdued 2020 output

A report that China's central bank will keep liquidity reasonably ample to support economic recovery also provided a positive background in Thursday's trading.

Published 04 Feb, 2021 10:36am

Markets

China’s coking coal slumps on falling demand

BEIJING: China’s coking coal futures slumped for a tenth straight session on Monday, dragged by weakening demand...

Published 03 Feb, 2021 04:35am

Markets

Iron ore hits near 2-month low on weak China pre-holiday demand

As iron ore demand dips, portside inventory in China rose for a third straight week to 126.20 million tonnes as of Jan. 29, SteelHome data showed.

Published 02 Feb, 2021 01:05pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	156.28
USD to Swiss Franc / May 15	0.91
Pound Sterling to USD / May 15	1.26
Euro to USD / May 15	1.08

Stock	Volume
S&P 500 / May 14	5246.68
Nasdaq / May 14	16511.18
Hang Seng / May 14	19073.71
Dow Jones / May 14	39558.11
India Sensex / May 15	73025.23
Tokyo Nikkei / May 15	38385.73
FTSE 100 / May 15	8467.99
Germany DAX 30 / May 15	18796.11

Item	Value
Crude Oil USD/Barrel / May 15	78.55
Karachi Cotton PKR/37.32 KG / May 15	19935
Gold 10 Grams PKR / May 15	209191
Gold Spot USD/Ounce / May 15	2361.55
Cotton US¢/pound / May 15	74.42
Petrol/Litre / May 16	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 16 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

iron ore

Most Popular