efore the Chinese New Year, the iron ore futures prices declined slight as the relevant state departments to effectively controlled the futures market. The trading in the spot market was less active as steel mills completed their restocking targets before the Chinese New Year. Therefore, the support for the spot prices weakened, and the spot prices of PB fines at Qingdao port stood at 850-860 yuan/mt before the holiday.
Apr 28 2021, 5:56 AM
April 27 2021, 11:01 AM
April 28 2021, 5:56 AM
(Bloomberg) Copperâs stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic.
(Bloomberg) Copperâs stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic.
Copper extended gains to the highest in a decade on Tuesday as global growth underpinned a rally in metals markets ranging from aluminum to iron ore, which by one measure reached a record high. Commodities are advancing toward the highs of the last supercycle, when prices spiked in the early 2000s on a jump in Chinese orders.
MONEYWEB
app instead?
As bulls bet on global rebound.
By Bloomberg News
28 Apr 2021 08:16
Image: Bartek Sadowski/Bloomberg
Copperâs stunning rally toward all-time highs above $10 000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic.
Copper extended gains to the highest in a decade on Tuesday as global growth underpinned a rally in metals markets ranging from aluminum to iron ore, which by one measure reached a record high. Commodities are advancing toward the highs of the last supercycle, when prices spiked in the early 2000s on a jump in Chinese orders.
This report is part of the S&P Global Platts Metals Trade Review series, where we dig through datasets and digest some of the key trends in metallurgical coal, iron ore, scrap and alumina. We also explore what the next few months could bring, from supply and demand shifts, to new arbitrages, and to quality spread .