Base Metals

Rebar Pares Monthly Decline on Australia Iron Ore Shortage Concern Due to Cyclone

Base Metals

Bloomberg reported that steel reinforcement bar futures advanced for a second day, paring a monthly drop, on concerns that Australia’s iron ore supply might be affected by a cyclone.

 

Bloomberg reported that steel reinforcement bar futures advanced for a second day, paring a monthly drop, on concerns that Australia’s iron ore supply might be affected by a cyclone.

As quoted in the market news:

Rebar for delivery in October rose as much as 1.1 percent to 4,028 yuan ($648) a metric ton on the Shanghai Futures Exchange and was at 4,017 yuan at 11:30 a.m. local time. The most-active contract has retreated 2.7 percent this month, the biggest drop since November.

Click here to read the full Bloomberg report

MARKETS

Markets
TSX20025.05+126.19
TSXV602.39+8.14
DOW33973.01+268.91
S&P 5003969.61+50.36
NASD10931.67+189.04
ASX7195.30+64.30

COMMODITIES

Commodities
Gold1878.76+1.85
Silver23.47+0.05
Copper4.18+0.01
Palladium1713.170.00
Platinum1087.260.00
Oil77.85+0.44
Heating Oil3.20-0.02
Natural Gas3.66-0.01

DOWNLOAD FREE REPORTS

×