Chinese spot iron ore prices dropped today to USD 88.5/MT, CFR China, as on 13th Aug’19. The prices fell as against USD 95/MT, CFR China towards closing of last weekend. The drop is attributed to reduced demand, increased supply and lowered construction activities in China. Few Chinese mills have reached breakeven levels and hence, are moving ahead to limit production.
News ID: 5921 Publish Date : 2019/08/15
China iron ore future edged up 4% today due to supply crisis from Vale over delay in resumption at Brucutu mines . Vale on Monday (6th May) was ordered by the Minas Gerais Court of Justice (Tribunal de Justiça do Estado de Minas Gerais - "TJMG") to hold production at its Brucutu mines .
News ID: 4512 Publish Date : 2019/05/14
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South Pars to reduce gas flaring by 1.2 bcm annually