Market: China’s iron ore price to be rangebound in Dec

China’s imported iron ore price is likely to be rangebound for December, market sources agreed with the prediction by the China Iron & Steel Association (CISA) earlier on December 6 in its latest monthly market analysis, despite the recent strengthening in the iron ore price.
“The imported iron ore priceis unlikely to consecutively increase but to be rangebound, as domestic steel prices will recede, and demand from Chinese steel mills may soften,” CISA stated in its latest iron ore monthly market analysis on December 6. Besides, “iron ore market is with oversupply fundamentally,” CISA reiterated. As of


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