Arab Today, arab today import prices of iron ore fall last week
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Import prices of iron ore fall last week

Arab Today, arab today

Arab Today, arab today Import prices of iron ore fall last week

Beijing - Xinhuanet

Inventories of iron ore at 25 of China\'s major sea ports fell to 93.02 million tonnes in the week ending Oct. 24, according to the Xinhua-China Iron Ore Price Index released on Tuesday. The stock of imported iron ore last week was 50,000 tonnes lower than one week earlier, down 0.05 percent week-on-week, according to the index compiled by Xinhua News Agency to track iron ore inventories and imports on Chinese spot markets. Prices of imported iron ore dropped last week. The price index for 63.5-percent-purity iron ore imports fell by 19 points to hit 148 points, while that for 58-percent-purity iron ore imports slid by 29 points to reach 109 points. Xinhua analysts said import prices of iron ore have been on the downswing and market expectations of lower prices have strengthened. Chinese steel companies tend to increase purchases of iron ore ahead of September and October, the traditional peak months for iron ore use. China imported 42.54 million tonnes of iron ore during the first eight months of the year, a year-on-year increase of 10.5 percent, and 29.99 million tonnes more than the country\'s actual demand, according to data from the General Administration of Customs. As most steel companies are fully stocked, they will slow purchases of the key industrial ingredients over the rest of the year, analysts said. Global demand for iron ore will shrink in the short-term as the Chinese government intensifies its efforts to consolidate its steel industry to reduce overcapacity, and the United States and European countries remain mired in weak economic growth. That will remove key supports from iron ore prices and put pressure on suppliers to lower prices, Xinhua analysts said.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today import prices of iron ore fall last week Arab Today, arab today import prices of iron ore fall last week

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today import prices of iron ore fall last week Arab Today, arab today import prices of iron ore fall last week

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday