Iron-ore prices traded on the Chinese Dalian Commodity Exchange (DCE) reversed last week’s gains and fell on Monday, down nearly 4% in early trades to CNY 621 per tonne after China’s iron-ore imports hit 19-month highs in August. China’s iron ore imports rebounded 21% in July as shipments grew from big miners in Australia and Brazil, pushing inventory of imported iron ore at Chinese ports to 125.25 million tonnes by the end of August, according to data compiled by SteelHome consultancy. The drop in the ferrous metal’s prices could keep the renewed upside attempts seen in the AUD/USD pair limited. The spot currently trades near-daily tops of 0.6855, helped by a bigger-than-expected rise in the Australian Home Loan data. It’s worth noting that iron-ore, one of Australia’s top exports, is seen correcting from a bear market seen end-August. AUD/USD Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China exports and imports fall, RRR cut – TD Securities FX Street 4 years Iron-ore prices traded on the Chinese Dalian Commodity Exchange (DCE) reversed last week's gains and fell on Monday, down nearly 4% in early trades to CNY 621 per tonne after China's iron-ore imports hit 19-month highs in August. China's iron ore imports rebounded 21% in July as shipments grew from big miners in Australia and Brazil, pushing inventory of imported iron ore at Chinese ports to 125.25 million tonnes by the end of August, according to data compiled by SteelHome consultancy. The drop in the ferrous metal's prices could keep the renewed upside attempts seen in the AUD/USD pair limited.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
