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 slumps as China's strict Covid rules persist

  • Thursday, October 13, 2022
  • Source:ferro-alloys.com

  • Keywords:market, mining industry,mine,ferrochrome
[Fellow]Iron-ore futures slumped on Wednesday, with the Dalian benchmark contract hitting its lowest in two weeks, as intensified Covid-19 curbs in China and signals that its draconian zero-case approach will continue weighed on sentiment.

【Ferro-alloys.com】:Iron-ore futures slumped on Wednesday, with the Dalian benchmark contract hitting its lowest in two weeks, as intensified Covid-19 curbs in China and signals that its draconian zero-case approach will continue weighed on sentiment.

Shanghai and other big Chinese cities, including Shenzhen, have ramped up testing for Covid-19 as infections rose following this month's Golden Week holidays and ahead of the crucial Communist Party congress beginning October 16.

Speculations that top steel producer and iron ore consumer China would relax its zero-Covid policy after the congress had recently helped push iron ore and steel prices higher.

But state-controlled People's Daily, in a commentary on Tuesday, urged China to stick with the policy, as it warned a large-scale rebound in cases will have "a serious impact on economic and social development".


China's strict zero-COVID rules have caused a sharp slowdown in the world's second-largest economy, adding to the gloomy global outlook as recession risks heightened especially in Europe.

The most-traded January iron ore on China's Dalian Commodity Exchange fell as much as 3.3% to 706 yuan ($98.35) a tonne in early trade, its weakest since September 26.

On the Singapore Exchange, benchmark November iron-ore shed 1.3% to $93.35 a tonne.

"The epidemic situation in many places in China has been severe, and the tone of 'dynamic clearing' has remained unchanged," Sinosteel Futures analysts said in a note.

Other steelmaking ingredients also tumbled, with Dalian coking coal DJMcv1 and coke DCJcv1 down 3.3% and 4%, respectively, as of 03:03 GMT.

Rebar on the Shanghai Futures Exchange fell 2.5%, hot-rolled coil dropped 2%, and stainless steel slipped 0.6%.

Hebei, China's top steel-producing province, will limit output for one week from October 14 to ensure clear sky ahead of the Communist Party meeting, according to ANZ analysts.

  • [Editor:Alakay]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 永嘉县| 酒泉市| 韩城市| 平和县| 永顺县| 建瓯市| 银川市| 上栗县| 清河县| 铜陵市| 弥渡县| 沧州市| 高密市| 拉萨市| 甘孜| 肥东县| 富平县| 昌黎县| 黔西| 游戏| 大宁县| 霍州市| 文安县| 高雄县| 历史| 阿鲁科尔沁旗| 泽普县| 固原市| 长垣县| 阳新县| 泰来县| 深州市| 辰溪县| 当涂县| 黄平县| 高邮市| 顺平县| 河池市| 滁州市| 甘孜县| 长白|