Day: 8 March 2021

Reuters article featuring Navigate Commodities

Press: China iron ore futures rise on post-Lunar New Year demand optimism

China’s iron ore futures vaulted to a one-week high on Friday, buoyed by expectations of improved demand for the steelmaking raw material after the Lunar New Year holiday. Iron ore on China’s Dalian Commodity Exchange ended daytime trading 4.2% higher at 1,004.50 yuan ($155.16) a tonne, after earlier hitting a one-week high of 1,017 yuan. …

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Ferrous Scrap

China ferrous scrap imports: white knight or opportunist?

China initially introduced restrictions on scrap metal imports in July 2019 after Beijing had informed the World Trade Organization two years prior it would prohibit arrivals of solid waste. In that time, Chinese ferrous scrap import volumes virtually fell to zero as sweeping solid-waste import restrictions took no prisoners – despite ferrous scrap’s green recyclable …

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