9,949.01 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.20 USD USD USD
36.68 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.08 TRY Interest Interest
73.25 USD Fossil Oil Fossil Oil
29.87 USD Silver Silver
4.12 USD Copper Copper
99.05 USD Iron Ore Iron Ore
355.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,633.98 TRY Gold (gr) Gold (gr)

Chinese support for metals

Metals, especially iron ore, rose after the debt-hungry Chinese real estate giant Evergrande Group announced that many suspended housing projects would restart.

Chinese support for metals

Iron ore and some other metals rose after the Evergrande Group, one of China's largest housing developers, announced that 668 of the 706 discontinued projects will restart.

It is expected that the latest development after the boycotts in 100 cities, initiated by housing customers protesting the incomplete real estate projects in the country, will give the sector a breather.

Futures in Singapore rose 1.7 percent to $103.85 a tonne. Futures contracts on the Dalian Stock Exchange closed at 728.50 yuan, up 1.1 percent.

Aluminum rose 1.1 percent on the London Metal Exchange and traded at $2,307.50. Many metals rose, including copper. The decline in the dollar also supported the base metals.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Russian steel market 2024 summary and what awaits us in 2025?

Friday, December 27, 2024

Hasçelik to build SPP worth 180 million Turkish lira

Sunday, December 29, 2024

Additional time for exporters for internal processing regime and exemption from duties and fees

Sunday, December 29, 2024

China establishes planning department to develop low-altitude economy

Sunday, December 29, 2024

Launching an Employment Protection Program in January 2025 to protect production and jobs

Sunday, December 29, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now