Spot Iron Ore Trading Cautious in China

Base Metals Investing

Reuters reported spot iron ore trading was thin in China on Friday as steel futures dropped after reaching a three-month high.

Reuters reported spot iron ore trading was thin in China on Friday as steel futures dropped after reaching a three-month high.

As quoted in the market news:

That cautious tone was reflected in the thin activity in the iron ore spot market, with hesitation flowing through to buyers after prices touched six-month highs.

Benchmark iron ore with 62 percent iron content was little changed at $148.80 a tonne on Thursday, according to Steel Index. But it was still the highest level since Oct. 18, 2011.

Click here to read the full Reuters report.

The Conversation (0)
MARKETS
COMMODITIES
CURRENCIES
×