Iron Ore-Spot Prices Steady, Sentiment Upbeat

Base Metals Investing

Reuters reports spot iron ore prices are steady and may rise later this week later as China restocks, allowing prices to rebound after losing about 6 percent last month.

Reuters reports spot iron ore prices are steady and may rise later this week later as China restocks, allowing prices to rebound after losing about 6 percent last month.

The market news is quoted as saying,

The Steel Index’s 62 percent iron ore benchmark .IO62-CNI=SI was steady at $170.20 a tonne on Monday and a similar gauge by Metal Bulletin .IO62-CNO=MB was unchanged at $170.30.

Platts 62 percent index IODBZ00-PLT was also flat at $171.75.

Offers for Australia’s 62-percent Newman iron ore fines were unchanged at $174-$176 a tonne, including freight, on Tuesday, and Indian 63.5/63 percent fines were steady at $175-$178, Chinese consultancy Umetal said.

For the complete market news, click here.

The Conversation (0)
×