UTC+8 ( BJT)

WEEKLY: Bullish sentiment prevails in Chinese iron ore

Sentiment in China’s market for imported iron ore was bullish over November 16-20, buoyed by the continuing strength of ore prices and stable ore trading, market sources said on Monday.
As of November 20, Mysteel’s SEADEX 62% Fe Australian Fines price had refreshed its two-month high to reach $128.8/dmt CFR Qingdao, up $6.25/dmt on week, while Mysteel’s PORTDEX 62% Fe Australian Fines index had also climbed over the same period to Yuan 902/wmt ($137.6/wmt) FOT Qingdao and including the 13%

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