Iron Ore Prices Tumbles On DCE Post Consistent Inventory Build Across Chinese Ports

Iron ore port stocks witnessed a growth of 0.87 million tonnes in China to stand at 117.51 million tonnes for the week ended 18 October 2019.

  • The steel inventory in China climbed to stand at 13.16 million tonnes (as on 11 October 2019), up by 6.99 per cent against its previous reported period.
  • Iron ore prices took a hit in China post the surge in inventory and fell from the level of RMB 662.50 (Day’s high on 14 October 2019) to the present low of RMB 604.0 (as on today 04:00 PM AEST), a downfall of almost 9 per cent.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.


6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report