Iron Ore: Spot Prices Drop as China Buying Stalls

Base Metals Investing

Reuters Africa reported iron ore fell for a second time in three sessions and offer prices dropped further on Wednesday.

Reuters Africa reported iron ore fell for a second time in three sessions and offer prices dropped further on Wednesday.

As quoted in the market news:

Having replenished iron ore inventories over the past three weeks, Chinese steel producers are holding back on more purchases, halting a rally that has lifted spot iron ore prices by 24 percent this month after a 31 percent slump in October.

Click here to read the full Reuters Africa report.

The Conversation (0)
×