Chinese Iron Ore Prices Up For The Week On Construction Index
MetalMiner | Dec 27, 2012 02:07AM ET
The Chinese low price of 62% Australian iron ore fines saw the largest increase this week on the weekly Construction MMI®, rising 2 percent.
The price of Chinese rebar fell 0.3 percent after rising 0.8 percent the week before. Following a steady week, prices for US shredded scrap closed flat. Chinese H-beam steel traded sideways last week.
Chinese aluminum bar remained unchanged for the week. European 1050 aluminum remained essentially flat from the previous week.
The weekly US Midwest, Rocky Mountain and Gulf coast bar fuel surcharges stayed essentially flat.
Disclosure: The Construction MMI® collects and weights 9 metal price points used within the construction industry to provide a unique view into construction industry price trends.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.