Professional Manufacturer
of Wear Resistant Ceramics
Tel : +86-799-6790781
office@chemshun.com
chemshun ceramics
Current location: Home»CHEMSHUN News » Chemshun News » Industry News » Iron ore jumps to two-week high

Iron ore jumps to two-week high

Categories: Industry NewsStars: 3Stars Visit: - Release time: 2016-06-10 10:39:00
Font size:【 Large Middle Small Source: Editor: Author:


On Tuesday the Northern China benchmark iron ore price advanced more than 3% to $52.30 per dry metric tonne, a more than two week high according to data supplied by The Steel Index.

Mining-iron ore-kemira-large.jpg

The steelmaking raw material is down sharply since trading within shouting distance of the $70 mark in mid-April but is back in bull territory for 2016 with a 22% rise since the beginning of the year and a 40% rebound since hitting near-decade lows in December.

"The massive cost deflation in the past two years, helped by lower oil prices and freight rates, as well as a depreciation in producers’ currencies, may have come to an end"


Iron ore's fightback comes despite data showing exports from top supplier Australia nearing record levels and higher port stocks in China pointing to weakening fundamentals for the commodity.


  Wear resistnt ceramic  mainly used for iron ore mining explore for wear protection .  Alumina ceramic lining  is the typical industry abrasion resistant materials .chemshun ceramics manufacturer mainly offer wear ceramic liner series for wear solution 


Information about ""

Newsletter
Follow us facebook youtube in tiktok
LINKS: