Iron ore prices surge as Fortescue shipments slide on derailment, weather

seekingalpha04-24

Iron ore futures rose Wednesday to their highest level in seven weeks as Fortescue (OTCQX:FSUMF) forecast its full-year shipments likely will come in at the lower end of guidance. Singapore futures (...

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Singapore futures (...</p>\n\n<a href=\"https://seekingalpha.com/news/4093031-iron-ore-prices-surge-as-fortescue-shipments-slide-on-derailment-weather\">Source Link</a>\n\n</div>\n","source":"seekingalpha","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 prices surge as Fortescue shipments slide on derailment, weather</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 prices surge as Fortescue shipments slide on derailment, weather\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 19:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4093031-iron-ore-prices-surge-as-fortescue-shipments-slide-on-derailment-weather><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Iron ore futures rose Wednesday to their highest level in seven weeks as Fortescue (OTCQX:FSUMF) forecast its full-year shipments likely will come in at the lower end of guidance. Singapore futures (...</p>\n\n<a href=\"https://seekingalpha.com/news/4093031-iron-ore-prices-surge-as-fortescue-shipments-slide-on-derailment-weather\">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":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://seekingalpha.com/news/4093031-iron-ore-prices-surge-as-fortescue-shipments-slide-on-derailment-weather","article_id":"2429943435","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/171115918/image_171115918.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429943435","pubTimestamp":1713957919,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Iron ore futures rose Wednesday to their highest level in seven weeks as Fortescue (OTCQX:FSUMF) forecast its full-year shipments likely will come in at the lower end of guidance. Singapore futures (S","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","GLCNF":"Glencore Plc","GLNCY":"Glencore Plc","BK7095":"多种金属与采矿","LU0265266980.USD":"法巴巴西股票基金","IE00B1B80R65.USD":"柏瑞拉丁美洲股票A","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","RIO.AU":"力拓","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","BHP.AU":"BHP GROUP LTD","NGLOY":"Anglo American plc","BK7507":"资源股","BK4548":"巴美列捷福持仓","BK7129":"钢铁","BK4006":"钢铁","BHP":"必和必拓公司","LU0075056555.USD":"贝莱德世界矿业基金A2","LU0106259046.USD":"施罗德拉丁美洲基金","BK4168":"多种金属与采矿","BK7511":"ESG概念","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H","LU0256859116.SGD":"施罗德拉丁美洲A Acc SGD","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","VALE":"淡水河谷","FSUMF":"FORTESCUE LTD.","FMG.AU":"FORTESCUE LTD","BK4566":"资本集团","RIO":"力拓","LU0072463663.USD":"Blackrock Latin American A2 USD","AAUKF":"Anglo American plc"},"translate_title":"铁矿石价格飙升，Fortescue出货量因脱轨和天气原因下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLCNF":1,"VALE":1,"RIO.AU":1,"RIO":1,"NGLOY":1,"GLNCY":1,"AAUKF":1,"FEFmain":1,"FSUMF":1,"FMG.AU":1,"BHP":1,"BHP.AU":1},"content_text":"Iron ore futures rose Wednesday to their highest level in seven weeks as Fortescue (OTCQX:FSUMF) forecast its full-year shipments likely will come in at the lower end of guidance. Singapore futures (SCO:COM) jumped more than 5% to as high as $118.70/metric ton, while Dalian prices ended up 4.6%, according to Bloomberg. In its latest quarterly production report, Fortescue (OTCQX:FSUMF) said it sees annual iron ore shipments at the lower end of its previous guidance range after an ore car derailment and bad weather slowed operations in the March quarter. The world's fourth biggest iron ore producer had guided for total full-year iron ore shipments of 192M-197M metric tons in the 12 months through June. Fortescue (OTCQX:FSUMF) said it shipped 43.3M tons of iron ore in its latest quarter, down 6% Y/Y, but that volumes had recovered near the end of the period. Even after Wednesday's rise, iron ore prices are down 15% so far this year as inventories at China's ports continue near the highest level in about two years, with the country's real estate sector still mired in crisis. The real estate slump has yet to bottom, according to Goldman Sachs, with home prices continuing to decline in March, even as policymakers ramp up measures to revive demand. Other potentially relevant tickers include (RIO), (BHP), (VALE), (OTCQX:AAUKF), (OTCQX:NGLOY), (OTCPK:GLCNF), (OTCPK:GLNCY)  More on Fortescue  Fortescue: An Iron Ore Giant With Strong Cash Flows Historical earnings data for Fortescue Dividend scorecard for Fortescue","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/2429943435"}