Tin Falls Highest in a Week on China Property Woes
Tin – Bloomberg reported that tin declined most in a week and lost as much as 1.3% on the London Metal Exchange on news that further property limitations in China may hurt demand.
Tin – Bloomberg reported that tin declined most in a week and lost as much as 1.3% on the London Metal Exchange on news that further property limitations in China may hurt demand.
Iron – Mining Weekly reported that iron ore continues to decline and on Wednesday posted its biggest daily drop in 14 months, amid uncertainty over China’s steel demand.
Tin – Bloomberg reported that Red Kite Capital Management LLP’s head of research, Michael Jansen, considers tin as the top pick among base metals for this year.
Coal – Reuters reported that China Coal Energy Company Ltd. (HKG:1898) halted operations at all mines owned by its Shanghai unit after four miners were killed by flooding at one of the mines in the unit.
Iron – Reuters reported demand for rebar on slowed construction in China has kept the price of iron ore low.
Iron – Reuters Africa reported China has curbed its appetite for iron ore with prices dipping slightly lower.
Iron – Reuters Africa reported Shanghai iron ore prices may be on the road to recovery.
Iron – Reuters reported Shanghai steel futures edged up on Tuesday, regaining ground after sliding over the past three months.
Iron – Reuters Africa reported China rebar steel futures fell more than 2 percent to their lowest in nearly six weeks on Monday.
Aluminum – Bloomberg reported that Shanghai plans to lower trading costs by increasing storage for copper and aluminum.
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