Iron ore prices have fallen below $100 per ton as demand from China weakened ahead of the Lunar New Year.

Iron ore prices fell below $100 per ton, pressured by slowing demand in China ahead of the Lunar New Year holiday and ample market supply. The main iron ore futures contract on the Singapore Exchange dropped 0.8% to $99.8 per ton, marking the fourth consecutive weekly decline and representing the longest losing streak since June. Consulting firm Mysteel noted that the fundamental supply-demand dynamics for iron ore remain weak. Steel mills' production levels were lower than expected in the week leading up to the Lunar New Year, and the inventory restocking activities that typically support prices have already concluded.

AASTOCKSFeb 6 11:20

The United States will conduct an air force readiness exercise in the Middle East, causing oil prices to rise by 3% intraday and spot gold to increase by over 2%.

According to Xinhua News Agency, the U.S. Central Command, responsible for U.S. military operations in the Middle East, issued a statement on the 27th stating that its Ninth Air Force will conduct an air combat readiness exercise lasting several days to demonstrate its capabilities for rapid deployment, dispersed deployment, and sustained operations within the Central Command's area of responsibility. According to CCTV News, the United States has reportedly informed Israel about the progress of preparations for action against Iran. The President of Iran held a telephone conversation with the Crown Prince of Saudi Arabia. The foreign ministers of Iran and Qatar also communicated via phone.

wallstreetcnJan 28 07:41

Multiple favorable factors have boosted sentiment in Hong Kong's stock market oil and gas sector, with CNOOC surging over 4% to reach a new high.

① Multiple positive factors boost sentiment in Hong Kong's stock market oil and gas sector. Why does the market remain focused? ② CNOOC surges over 4% to hit a new high. Which other stocks are following the upward trend?

cls.cnJan 26 15:34

Driven by both geopolitical tensions and the cold wave, U.S. natural gas prices surged, leading to a rally in oil and gas stocks. What lies ahead for energy prices?

During the morning trading session on January 22, the 'Big Three Oil' companies listed in Hong Kong—CNOOC, Sinopec, and PetroChina—all experienced significant gains.

China SecuritiesJan 22 12:12

Alcoa Shareholder CITIC Resources Trims Stake in Company

MT NewswiresJan 16 19:41

Hong Kong Stock Movement | Zhongxin Resources (01205) surged over 21% in the afternoon session after selling its stake in Alcoa for more than $247 million.

CITIC Resources (01205) resumed trading in the afternoon session, surging over 21% at one point. As of the time of writing, it was up 9.76%, trading at HKD 0.45 with a turnover of HKD 11.2468 million.

Zhitong FinanceJan 16 13:45