Iron Ore Slow Awaiting China Demand

Reuters reported iron ore stays near five-month high as traders wait for China to buy to move forward again.

As quoted in the market news:

Iron ore with 62 percent iron content was unchanged at $147.60 a tonne on Monday, according to Steel Index, just off a five-month peak of $147.70 touched last week.

Iron ore forward swaps rose although volume cleared by the Singapore Exchange dropped to 92 lots on Monday from 376 lots on Friday.

Click here to read the full Reuters report.