MANILA Dalian iron ore futures surged to a record peak on Friday and posted their biggest weekly gain since February, buoyed by expectations of sustained tightness in supply and brisk demand amid China's renewed drive to support its slowing economy.
MANILA, June 14 Dalian iron ore benchmark surged
to a record in early trade on Friday and was headed for its best
week since February, buoyed by expectations of sustained
tightness in supply and brisk demand amid China's renewed drive
to support its economy.
* China steel mills chase low-grade ore to cut costs
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MANILA, June 13 China's iron ore futures
declined on Thursday as market participants locked in some gains
after the steelmaking feedstock's three-day surge to record
highs earlier this week.
MANILA, June 11 Prices of industrial metals were
mostly higher in Asian trading on Tuesday, with copper hitting
the highest in almost two weeks on expectations that China's
appetite for the commodity could grow.
* Jan-May iron ore imports fall 5.2% y/y
(Updates with closing prices, details and graphic)
MANILA, June 10 Chinese iron ore futures rose on
Monday along with prices of other steelmaking raw materials,
buoyed by expectations that supply will remain limited as stocks
at the country's ports shrank further, while demand could pick
* China's steel demand intact, but peak season has ended
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MANILA, June 4 China's rebar steel benchmark
fell for a sixth session on Tuesday, its longest losing streak
in seven months, while hot-rolled coil hit a fresh two-month
low, after the seasonal demand waned and mills ramped up
production in recent weeks.
* Iron ore stocks at Chinese ports shrink further
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