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Iron Ore: Spot Prices on Course for First Fall in Four Weeks
Nov. 26, 2011 02:05PM PST
Base Metals Investing Reuters Africa reported spot iron ore prices fell for a fourth time in five sessions with Chinese buying interest stalling.
Reuters Africa reported spot iron ore prices fell for a fourth time in five sessions with Chinese buying interest stalling.
As quoted in the market news:
China steel futures slipped 0.7 percent on Friday, taking its weekly loss to 2.6 percent, its steepest decline in a month. That is likely to put more pressure on iron ore prices which are also headed for their first weekly drop in four weeks.
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