WEEKLY SUMMARY: China's iron ore prices rise, spot coke stable

The spot prices of imported iron ore in China climbed during January 22-26 in pace with the strengthening of iron ore futures in the country, which was mainly a result of the upbeat sentiment shored up by the central bank's lowering bank reserve ratio last Wednesday. Also, the country's coke futures moved up while spot coke prices continued to hold steady.

Iron ore: Mysteel SEADEX 62% Australian Fines rose to $136.05/dmt CFR Qingdao on January 26 after the weekly gain of $5.4/dmt, while Mysteel PORTDEX 62% Australian Fines in Qingdao was Yuan 18/wmt ($2.5/wmt) higher on week to reach Yuan 1,041/wmt FOT and including the 13% VAT on the same day. Meanwhile, the most-traded iron