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Finance & Markets

Iron Ore Weakens to 3-Week Low

Iron ore futures fell below CNY 710 per ton, reaching three-week lows as weak market fundamentals continued to weigh on prices. Industry data showed global iron ore shipments increased by 1.59 million tons to 35.17 million tons in the week ended September 13, pointing to ample supply. Elevated coke prices also continued to pressure steelmakers’ ...

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LNG shipping stocks: Company news drives new highs

The UP World LNG Shipping Index gained 3.75 points (1.59%) last week, closing at a new all-time high of 239.62 points, while the S&P 500 lost 0.80%.

  • UP World LNG Shipping Index hits all-time high of 239.62 points
  • 16 companies drove performance, 4 declined, 1 steady
  • Gas prices rise in Europe and Asia, ADNOC Logistics gains

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