Au'aunaga mo kopi fefa'ataua'iga. Ole matou Algo e otometi lava ona tatala ma tapunia fefaʻatauaiga.
O le L2T Algo o lo'o tu'uina atu fa'ailoga sili ona aoga ma fa'aletonu la'ititi.
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10 minute seti faʻatasi ai ma faʻamanuiaga tele. O loʻo tuʻuina atu le tusi lesona ma le faʻatau.
79% Fa'amanuiaina fua faatatau. O a matou taunuuga o le a faʻafiafiaina oe.
E oʻo atu i le 70 fefaʻatauaʻiga i le masina. E silia ma le 5 paipa o lo'o avanoa.
E amata totogi masina ile £58.
Iron ore futures continued their upward trajectory on Friday, poised for a weekly increase, buoyed by an optimistic demand forecast from leading consumer China and strengthened fundamentals in the short run.
The most actively traded September contract for iron ore on China’s Dalian Commodity Exchange (DCE) concluded the daytime session with a 3.12% increase, reaching 843.5 yuan ($116.57) per metric ton, marking its highest level since March 26.This marked the fifth consecutive session of gains, resulting in a weekly uptick of 9.3%.
Similarly, the benchmark May iron ore contract on the Sigapoa Fetufaaiga rose by 2.89% to $111.35 per ton, as of 0928 GMT, its highest level since March 11 and a weekly increase of 6.8%.
According to data from consultancy Mysteel, average daily hot metal output increased by 0.5% to 2.25 million tons as of April 12, while iron ore stocks at major ports saw a 0.2% rise to 144.87 million tons.
Analysts at Galaxy Futures anticipate a continuous pickup in hot metal output in the coming weeks, projecting portside ore stocks to decline to approximately 130 million tons in the second quarter.
The faster-than-expected progress in pledged equipment upgrades also boosted sentiment and upheld prices.
Chinese government officials announced strong financing support for companies involved in equipment upgrades and consumer goods trade-ins, aiming to stimulate domestic demand.
China plans to increase equipment investment in key sectors of the economy by 25% between 2023 and 2027, in addition to expediting the recycling of used cars and home appliances.
Customs data revealed a 0.5% year-on-year increase in China’s iron ore imports in March, signaling a demand rebound following the Lunar New Year holiday break, as steelmakers typically ramp up production.
On the DCE, other steelmaking ingredients surged, with coking coal and coke rising by 5.01% and 5.92%, respectively. Steel benchmarks on the Shanghai Futures Exchange mostly saw gains, with rebar up by 0.95%, hot-rolled coil by 0.69%, wire rod by 2.44%, and stainless steel experiencing marginal movement.
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