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UTC+8 ( BJT)

China iron ore prices weaken on flat real demand

ABSTRACT

China's iron ore prices weakened over the past three days while the frenzied market sentiment witnessed earlier has cooled, according to market sources on Thursday. They point out that real ore demand from steelmakers has yet to see any remarkable increase while finish steel demand has waned further.
Mysteel PORTDEX 62% Australian Fines in Qingdao, for example, had dropped to Yuan 779/wmt ($/122.3/wmt) as of December 29 from its near two-month high of Yuan 831/wmt on December 24.   In the futures market, the most-traded iron ore contract on the Dalian Commodity Exchange for May 2022 delivery also came off

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