AIRLINK 173.45 Decreased By ▼ -2.28 (-1.3%)
BOP 13.26 Increased By ▲ 0.14 (1.07%)
CNERGY 7.43 Decreased By ▼ -0.11 (-1.46%)
FCCL 43.49 Decreased By ▼ -0.42 (-0.96%)
FFL 14.97 Decreased By ▼ -0.04 (-0.27%)
FLYNG 26.65 Decreased By ▼ -0.25 (-0.93%)
HUBC 130.41 Increased By ▲ 0.18 (0.14%)
HUMNL 13.39 Increased By ▲ 0.05 (0.37%)
KEL 4.45 Decreased By ▼ -0.05 (-1.11%)
KOSM 6.00 Decreased By ▼ -0.06 (-0.99%)
MLCF 55.55 Decreased By ▼ -0.48 (-0.86%)
OGDC 214.70 Decreased By ▼ -0.07 (-0.03%)
PACE 5.94 Decreased By ▼ -0.04 (-0.67%)
PAEL 41.20 Increased By ▲ 0.30 (0.73%)
PIAHCLA 16.64 Increased By ▲ 0.32 (1.96%)
PIBTL 9.67 Decreased By ▼ -0.08 (-0.82%)
POWER 11.57 Decreased By ▼ -0.19 (-1.62%)
PPL 182.70 Increased By ▲ 1.22 (0.67%)
PRL 34.20 Decreased By ▼ -0.02 (-0.06%)
PTC 22.91 Decreased By ▼ -0.15 (-0.65%)
SEARL 94.59 Decreased By ▼ -1.13 (-1.18%)
SILK 1.17 Increased By ▲ 0.03 (2.63%)
SSGC 35.59 Increased By ▲ 0.14 (0.39%)
SYM 15.70 Decreased By ▼ -0.05 (-0.32%)
TELE 7.80 Decreased By ▼ -0.07 (-0.89%)
TPLP 10.94 Decreased By ▼ -0.04 (-0.36%)
TRG 60.90 Increased By ▲ 0.40 (0.66%)
WAVESAPP 10.70 Decreased By ▼ -0.11 (-1.02%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,065 Increased By 11.6 (0.1%)
BR30 36,543 Increased By 76.1 (0.21%)
KSE100 114,309 Decreased By -47.4 (-0.04%)
KSE30 35,273 Decreased By -74.5 (-0.21%)

BEIJING: Dalian and Singapore iron ore futures extended losses on Thursday, following a more than 10% drop in the past month, with the weaker-than-expected China factory activity data and gloomy near-term downstream demand outlook weighing on sentiment.

The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) fell to 49.5 in April from 50.0 the previous month, missing expectations of 50.3 in a Reuters poll and marking the first contraction since January.

This came after the official manufacturing PMI unexpectedly declined to 49.2 from 51.9 in March, according to data from the National Bureau of Statistics on Sunday.

The steel PMI fell for a second straight month to 45 in April, indicating a slowdown in the sector, CFLP Steel Logistics Professional Committee said on Sunday.

The most-traded September iron ore on the Dalian Commodity Exchange (DCE) traded 1.05% lower at 707.5 yuan ($102.64) a tonne, as of 0210 GMT, following a month-on-month drop of 13% in April.

Comments

Comments are closed.