DAILY: China's Iron Ore Prices Kept Rising on Friday
Benchmark 62% iron ores spot price rose to $118.16 a tonne on Friday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI).
According to SteelHome survey, the supply of PB fines and Super Special fines kept decreasing on the spot market. Therefore, traders set the price sturdily. Currently, for mills, most of them purchase iron ore at a normal level amid no planned maintenance activities recently.
SteelHome considers that prices of iron ore may observe rangebound movements in the short run.
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