ANFGF - Iron ore rises as China port stockpiles slide to eight-month low

CUHRIG/E+ via Getty Images Iron ore futures in Asia jump on reports of a continuing decline in portside stockpiles of the steelmaking ingredient in China. The most-traded September iron ore contract (SCO:COM) on China's Dalian Commodity Exchange ended daytime trading +2.1% to 1,196 yuan/ton ($185.31), up for a fourth straight session, and the most-active July iron ore on the Singapore Exchange recently traded +0.8% to $213.35/ton. Potentially relevant tickers include [[RIO]], [[BHP]], [[VALE]], [[GLCNF]], [[GLNCY]], [[AAUKF]], [[NGLOY]], [[ANFGF]] Imported iron ore stocked at Chinese ports fell for a fourth straight week to 123.95M metric tons as of Friday to the lowest level since early October, Reuters reports, citing data from SteelHome. "Weekly Australian iron ore shipments have been disappointing through June, creating a tighter global supply-demand balance - not to mention the revolving door of incidents in Brazil," says Navigate Commodities' Atilla Widnell. Spot iron ore prices in China have

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Iron ore rises as China port stockpiles slide to eight-month low