Iron ore prices bounce to best in a week on upbeat seasonal demand outlook

seekingalpha09-12

Iron ore futures rose to the highest in more than a week on Thursday, as analysts said prospects of improved seasonal demand in China outweighed concerns for now over the country's economic recovery. ...

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/2467516783?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/171115918/image_171115918.jpg","is_english":true,"pubTime":"2024-09-12 23:55","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2467516783","market":"us","top_or_hot":-1,"title":"Iron ore prices bounce to best in a week on upbeat seasonal demand outlook","media":"seekingalpha","content":"<div>\n<p>Iron ore futures rose to the highest in more than a week on Thursday, as analysts said prospects of improved seasonal demand in China outweighed concerns for now over the country's economic recovery. ...</p>\n\n<a href=\"https://seekingalpha.com/news/4149152-iron-ore-prices-bounce-to-best-in-a-week-on-upbeat-seasonal-demand-outlook\">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 bounce to best in a week on upbeat seasonal demand outlook</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 bounce to best in a week on upbeat seasonal demand outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-12 23:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4149152-iron-ore-prices-bounce-to-best-in-a-week-on-upbeat-seasonal-demand-outlook><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Iron ore futures rose to the highest in more than a week on Thursday, as analysts said prospects of improved seasonal demand in China outweighed concerns for now over the country's economic recovery. ...</p>\n\n<a href=\"https://seekingalpha.com/news/4149152-iron-ore-prices-bounce-to-best-in-a-week-on-upbeat-seasonal-demand-outlook\">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":"LU1023059493.AUD","symbol_name":"Blackrock World Mining A2 AUD-H","start_time":0,"source_url":"https://seekingalpha.com/news/4149152-iron-ore-prices-bounce-to-best-in-a-week-on-upbeat-seasonal-demand-outlook","article_id":"2467516783","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=2467516783","pubTimestamp":1726156534,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Iron ore futures rose to the highest in more than a week on Thursday, as analysts said prospects of improved seasonal demand in China outweighed concerns for now over the country's economic recovery. ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","VALE":"淡水河谷","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0265267285.USD":"BNP PARIBAS BRAZIL EQUITY \"C\" (USD) INC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","RIO":"力拓","LU0086394185.USD":"SCHRODER ISF LATIN AMERICAN \"A\" (USD) INC AV","LU0256859116.SGD":"施罗德拉丁美洲A Acc SGD","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","GLCNF":"Glencore Plc","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU0106259046.USD":"施罗德拉丁美洲基金","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","AAUKF":"Anglo American plc","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H","LU0265266980.USD":"法巴巴西股票基金","GLNCY":"Glencore Plc","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4588":"碎股","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BHP":"必和必拓公司","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","LU0106831901.USD":"贝莱德世界金融基金A2","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","FSUMF":"FORTESCUE LTD.","LU0072463663.USD":"Blackrock Latin American A2 USD","BK4581":"高盛持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","BK4504":"桥水持仓","LU0971096721.USD":"富达环球金融服务 A","LU0788109048.HKD":"BGF LATIN AMERICAN \"A2\" (HKDHGD) ACC","BK4548":"巴美列捷福持仓","NGLOY":"Anglo American plc","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4127":"投资银行业与经纪业","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4006":"钢铁","BK4168":"多种金属与采矿","IE00B1B80R65.USD":"柏瑞拉丁美洲股票A"},"translate_title":"季节性需求前景乐观，铁矿石价格反弹至一周最佳水平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BHP":1,"VALE":1,"RIO":1,"NGLOY":1,"GLNCY":1,"GLCNF":1,"FEFmain":1,"FSUMF":1,"AAUKF":1},"content_text":"Iron ore futures rose to the highest in more than a week on Thursday, as analysts said prospects of improved seasonal demand in China outweighed concerns for now over the country's economic recovery. The most-traded January iron ore contract (SCO:COM) on China's Dalian Commodity Exchange ended daytime trading +3.9% at 707.0 yuan/metric ton ($99.25) after reaching an intraday high of 709 yuan/ton, its best level since September 3, and benchmark October iron ore on the Singapore Exchange recently was +1.9% at $94.55/ton. Potentially relevant stocks include Rio Tinto (NYSE:RIO), BHP (BHP), Vale (VALE), Fortescue (OTCQX:FSUMF), Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) and Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY). \"While China's economy continues to face headwinds, we see pockets of growth that should provide some support to commodity markets,\" ANZ analysts said, according to Reuters, adding that steel demand is expected to return to growth in 2025, as a rise in non-property sectors is helping offset the sharp drop in demand from the property sector. Iron ore prices should find support at ~$85/ton from mining costs, Morgan Stanley analysts said, as reported by Dow Jones, as that level appears to be the cost curve's 90th percentile, or marginal cost of production. There’s been increased focus on cost support after a fall in prices. \"In recent years, time spent near the 90th percentile has been contained in duration to [less than] 1-2 months,\" although \"cracks in Chinese demand may be deepening,\" the analysts said, seeing \"positive risk-reward to year-end\" in iron ore markets, as supply growth slows and demand gets a boost from seasonal restocking.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"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":"4.29.1","shortVersion":"4.29.1","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/2467516783"}