The Conversation (0)
Reuters reported a drop in China’s imported iron ore inventory spurred buying from speculators.
Reuters reported a drop in China’s imported iron ore inventory spurred buying from speculators.
As quoted in the market news:
Iron ore stockpiles at major Chinese ports, comprised of older cargoes bought by mills and traders, fell 1 percent to 98.44 million tonnes at the end of last week, said industry consultancy Mysteel.