Latest commodity prices quoted in US Dollars USD. Global economic growth is the primary factor that drives its supply and demand.
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Iron Ore - data forecasts historical chart - was last updated on July of 2021.
Iron ore price. Prices fell 77 to US16930t according to CommBank while Fastmarkets saw them down US1214 to US17155t this morning after a 56 drop in Dalian futures on Thursday. Iron ore prices slid to their lowest levels since April overnight as speculation about Chinese steel production cuts delivered a hit to the Pilbaras big iron ore miners. USD per Dry Metric Ton.
USD per 100 Liter. Iron Ore Crude Oil Gold Silver and Copper. Its been a brutal month for iron ore with the benchmark Chinese spot price of the commodity slipping 30 per cent in August so far to fetch just over US130 per tonne A1816 per tonne.
When economies are growing the need for steel in construction increases which drives the price up. Iron Ore Fe is mined in around 50 countries worldwide and used to make steel buildings cars white goods etc. Daily iron ore price update to the moon The ferrous complex launched on August 24 2021 as the flushed out bottom of last week turned higher with.
Iron Ore is. USD per Ton. On May 12 2021 the benchmark Chinese spot price for iron ore topped out at a whopping US233 a tonne more than two-and-a-half times what it had been a year earlier.
Iron ore prices have continued to sputter in light of Chinas recent steel export cuts though Chinese state-run media claims there could be more to the story. After peaking above 190 per tonne the iron ore price collapsed into the 30s in 2015 as new supply outstripped demand.
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