{"id":47519,"date":"2024-08-19T13:26:30","date_gmt":"2024-08-19T10:26:30","guid":{"rendered":"https:\/\/www.al-sindbad.net\/stronger-steel-prices-boost-dalian-iron-ore\/47519\/"},"modified":"2024-08-19T13:26:30","modified_gmt":"2024-08-19T10:26:30","slug":"stronger-steel-prices-boost-dalian-iron-ore","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/stronger-steel-prices-boost-dalian-iron-ore\/47519\/","title":{"rendered":"Stronger Steel Prices Boost Dalian Iron Ore"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"meta\">\n<span class=\"\" itemprop=\"author\">By Gabrielle Ng<\/span><br \/>\n<meta itemprop=\"datePublished\" content=\"2024-08-19T06:19:22.0000000\"\/><br \/>\n<span class=\"date\">August 19, 2024<\/span><br \/>\n<meta itemprop=\"dateModified\" content=\"2024-08-19T06:19:22.0000000\"\/>\n<\/p>\n<div class=\"images-wrapper single\">\n<div class=\"images\">\n<div class=\"image active\">\n<\/p>\n<p>\nCopyright vvoe\/AdobeStock\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div property=\"articleBody\">\n<p><strong><em>Dalian iron ore futures prices retraced earlier losses on Monday, as firmer steel prices and revived hopes of stimulus in top consumer China added support to the volatile market.<\/em><\/strong><\/p>\n<p>The most-traded September iron ore contract on China&#8217;s Dalian Commodity Exchange (DCE) ended daytime trade 0.71% higher at 712 yuan ($99.70) a metric ton.<\/p>\n<p>The contract hit its weakest level since August 2023 at 688.5 yuan earlier in the session.<\/p>\n<p>The benchmark September iron ore on the Singapore Exchange was 3.14% higher at $94.9 a ton, as of 0740 GMT.<\/p>\n<p>The domestic steel market is expected to stabilize this week, as building materials prices hold steady after weakening last week, Chinese financial information site Hexun Futures said in a note. Demand for rebar and wire rod is likely to improve slightly, as the weather becomes pleasant for outdoor construction, while output and inventories may decline further, said Chinese consultancy Mysteel.<\/p>\n<p>(Reuters)<\/p>\n<\/div>\n<\/div>\n<p>maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Gabrielle Ng August 19, 2024 Copyright vvoe\/AdobeStock Dalian iron ore futures prices retraced earlier losses on Monday, as firmer steel prices and revived hopes of stimulus in top consumer China added support to the volatile market. The most-traded September iron ore contract on China&#8217;s Dalian Commodity Exchange (DCE) ended daytime trade 0.71% higher at &hellip;<\/p>\n","protected":false},"author":1,"featured_media":47520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-47519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/47519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=47519"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/47519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/47520"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=47519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=47519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=47519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}