Advertisement
Canada markets close in 5 hours 8 minutes
  • S&P/TSX

    21,572.81
    -167.39 (-0.77%)
     
  • S&P 500

    5,046.52
    -15.30 (-0.30%)
     
  • DOW

    37,763.18
    +28.07 (+0.07%)
     
  • CAD/USD

    0.7233
    -0.0021 (-0.28%)
     
  • CRUDE OIL

    85.33
    -0.08 (-0.09%)
     
  • Bitcoin CAD

    86,319.36
    -2,832.28 (-3.18%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,387.70
    +4.70 (+0.20%)
     
  • RUSSELL 2000

    1,953.57
    -22.14 (-1.12%)
     
  • 10-Yr Bond

    4.6760
    +0.0480 (+1.04%)
     
  • NASDAQ

    15,855.02
    -30.00 (-0.19%)
     
  • VOLATILITY

    19.45
    +0.22 (+1.15%)
     
  • FTSE

    7,811.40
    -154.13 (-1.93%)
     
  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     
  • CAD/EUR

    0.6797
    -0.0027 (-0.40%)
     

Does China’s Iron Ore Imports Rebound Bode Well for Prices?

Does China’s Iron Ore Imports Rebound Bode Well for Prices?

China consumes more than 70% of seaborne-traded iron ore. It’s therefore imperative for iron ore investors to track the country’s demand and outlook to gauge iron ore’s outlook. After increasing by 0.8% YoY (year-over-year) in April, China’s iron ore imports grew 2.9% YoY to 94.1 million tons, which also implies growth of 13.5% sequentially.