Ferrous Metals Lead Declines on Tuesday, with Imported Iron Ore Growing Noticeably

Published: Apr 18, 2017 17:35

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Commodity prices in China's domestic market tumbled across the board on Tuesday, and ferrous metals prices led the sharp losses, with iron ore tumbling by 6%.

SHANGHAI, Apr. 18 (SMM) – Commodity prices in China's domestic market tumbled across the board on Tuesday, and ferrous metals prices led the sharp losses, with iron ore tumbling by 6%.

A strong bearish sentiment prevailed the ferrous metals market on Tuesday, and DCE 1709 iron ore slumped by 6.49 percent. Trading sentiment improved after prices tumbled, though.

Iron ore inventories at China's ports kept falling for two weeks in a row, but inventories remained high.

Note: Prices all above are for most-actively traded contract on the SHFE.

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