掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Iron Ore Surges Into Bull Market as Mills Come Off the Sidelines

  • Monday, July 3, 2017
  • Source:ferro-alloys.com

  • Keywords:Iron Ore
[Fellow][ferro-alloys.com] Iron ore’s bear market lasted all but three months. The raw material has rallied back into bull-market territory right at the end of the first half on a surge driven by mills in China boosting purchases to replenish inventories, with higher...

[ferro-alloys.com] Iron ore’s bear market lasted all but three months. The raw material has rallied back into bull-market territory right at the end of the first half on a surge driven by mills in China boosting purchases to replenish inventories, with higher-grade ore in demand.

Ore with 62 percent content delivered to Qingdao rose 3.8 percent to $64.71 a dry metric ton on Thursday, the highest since May 4, according to Metal Bulletin Ltd. Prices have gained more than 20 percent from the year-low of $53.36 hit just two-and-a-half weeks ago, meeting the common bull-market definition. On Friday, the price rose 0.3 percent to $64.95.

“The pickup in physical tenders suggests a real tightness,” Daniel Gradwell, a senior economist at Australia & New Zealand Banking Group Ltd., said in a note. Earlier this week, the bank said trading activity had increased as buyers re-entered the spot market after a prolonged period on the sidelines.

Iron’s advance, which pared a quarterly loss, spurred the commodity’s biggest monthly climb since October in a boost for miners including Rio Tinto Group. While the rally has been accompanied by gains in steel, with mills’ margins seen as robust, the uptick has come even as some banks expect further weakness given rising supply. Goldman Sachs Group Inc. says the price is heading lower and Citigroup Inc. forecasts a slump back to the $40s.

“Steel companies are actively boosting purchases to rebuild ore inventories held at the mills,” said Xu Huimin, an analyst at Huatai Futures Co. in Shanghai, adding that they’d previously refrained from buying as prices sank.

  • [Editor:Wang Linyan]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 土默特左旗| 海南省| 托克逊县| 明星| 中牟县| 彝良县| 公主岭市| 五莲县| 兴文县| 延庆县| 大同市| 滨海县| 英山县| 大竹县| 尼勒克县| 前郭尔| 西和县| 松桃| 区。| 班戈县| 兴仁县| 贵港市| 南岸区| 梅河口市| 富阳市| 衡水市| 鲜城| 重庆市| 金门县| 志丹县| 衡山县| 岳阳县| 梁河县| 偃师市| 津市市| 蒲江县| 洪洞县| 洞头县| 略阳县| 南丰县| 明星|