Iron Ore Rises to Seven-Week High on Fortescue View, China Hopes

Bloomberg04-24

(Bloomberg) -- Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2429486098?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/E.TzcubO0vWf89mFdeojbg--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/27921a5513a789cdc7f0403523c5da09","is_english":true,"pubTime":"2024-04-24 15:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2429486098","market":"us","top_or_hot":-1,"title":"Iron Ore Rises to Seven-Week High on Fortescue View, China Hopes","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after ...</p>\n\n<a href=\"https://finance.yahoo.com/news/iron-ore-rises-seven-week-072849502.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance_au","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Iron Ore Rises to Seven-Week High on Fortescue View, China Hopes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIron Ore Rises to Seven-Week High on Fortescue View, China Hopes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 15:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/iron-ore-rises-seven-week-072849502.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after ...</p>\n\n<a href=\"https://finance.yahoo.com/news/iron-ore-rises-seven-week-072849502.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FMG.AU","symbol_name":"FORTESCUE LTD","start_time":0,"source_url":"https://finance.yahoo.com/news/iron-ore-rises-seven-week-072849502.html","article_id":"2429486098","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/E.TzcubO0vWf89mFdeojbg--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/27921a5513a789cdc7f0403523c5da09"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429486098","pubTimestamp":1713943729,"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":" -- Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after disruptions hit supplies at mines in Western Australia.Taylor Swift Is Proof That How We Critique Music Is Broken. Biden’s New Chopper Is Demoted After Scorching White House Lawn. Tech Giants Roar as Tesla Spikes in Late Hours: Markets Wrap. Billionaire Pinaults Fightto Pull Gucci Off the Discount Rack. Ray Dalio’s Famous Trade Is Sputtering, Investors Bailing. Futures in Singapore rose more than 5% before paring gains. The company said exports were down 6% in its third quarter from a year earlier, due to an ore car derailment and weather woes. The guidance range was unchanged at 192 million to 197 million tons for shipments in the year to June.Some optimism over China’s property market also buoyed sentiment. The real estate market is seeing persistent demand and has abundant room for development, driven by","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FMG.AU":"FORTESCUE LTD"},"translate_title":"中国希望铁矿石价格升至七周高点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FMG.AU":1},"content_text":"(Bloomberg) -- Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after disruptions hit supplies at mines in Western Australia.\nMost Read from Bloomberg\n\nTaylor Swift Is Proof That How We Critique Music Is Broken\nBiden’s New Chopper Is Demoted After Scorching White House Lawn\nTech Giants Roar as Tesla Spikes in Late Hours: Markets Wrap\nBillionaire Pinaults Fight to Pull Gucci Off the Discount Rack\nRay Dalio’s Famous Trade Is Sputtering, Investors Bailing\n\nFutures in Singapore rose more than 5% before paring gains. The company said exports were down 6% in its third quarter from a year earlier, due to an ore car derailment and weather woes. The guidance range was unchanged at 192 million to 197 million tons for shipments in the year to June.\nSome optimism over China’s property market also buoyed sentiment. The real estate market is seeing persistent demand and has abundant room for development, driven by improving living standards and urbanization, the official Economic Daily said in a commentary. \nPrices increased because the guidance from Fortescue was “surprisingly low,” said Cao Ying, chief ferrous analyst at SDIC Essence Futures Co. “It also seems that production and sales of steel products in China are doing okay recently.”\nMore help for property owners emerged in Shenzhen in southern China. Thirteen developers agreed to allow homebuyers to cancel purchase agreements if they fail to sell their existing residences within 90 days.\nThe real estate sector is still mired in crisis, with home prices continuing to fall in March. The slump has yet to bottom, according to Goldman Sachs Group Inc., even as policymakers ramp up measures to revive demand. \nEven after their advance Wednesday, iron ore prices are still down 15% so far in 2024 as inventories of the material at China’s ports hold around their highest level in about two years. By contrast, an index of six base metals traded on the London Metal Exchange is up about 12% this year.\nSingapore futures increased to $118.70 a ton before trading at $118.35 by 3:23 p.m. local time. Dalian prices ended up 4.6%, while Shanghai steel contracts were also higher.\nMost Read from Bloomberg Businessweek\n\nA Hedge Fund Billionaire’s Cash Helped Fund a ‘Predatory’ Lender\nBig Junk Food’s Campaign to Get You Eating Doritos and Oreos for Dinner\nHow a Massive Hack of Psychotherapy Records Revealed a Nation’s Secrets\nChina’s Bubble Tea Boom Creates a Half-Dozen Billionaires\nSkip the Robotaxi—Tesla Investors Want a Cheap EV\n\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429486098"}