SteelHome Express: China's Iron Ore Prices Rose on Monday
Benchmark 62% iron ores spot price rose by $1.98 to $125.68 a tonne on Monday, based on SteelHome consultancy data SH-CCN-IRNOR62.
According to SteelHome survey, traders were active in iron ore sales, setting the spot price at a high level. For mills, only some of them purchased iron ore due mainly to the rigid demands.
The most-traded iron ore products today were medium and low Fe grade Australian fines and lump ores.
SteelHome considers that prices of iron ore may observe rangebound movements amid current high levels in the short run.
Other Info: Price Aggregates of Imported Ore at China Main Ports on Aug 31, 2020