China Port Stock Build Caps Rebound; Iron Ore Turns Range-Bound At High Levels

🇨🇳 Hellenic Shipping News (CN) —

AI Summary

Iron ore futures rose and then retreated, while the most-traded DCE contract closed slightly higher. Port spot prices in Qingdao edged lower, with moderate trader activity, few steel mill enquiries, and low trading volumes.

Iron ore futures rose then retreated today. The DCE most-traded I2701 contract closed at 687.5 yuan/mt, up 0.07% from the previous trading day. Spot prices of mainstream products at Qingdao port fell by about 3 yuan/mt on average. Trader activity was moderate, steel mill enquiries were few and spot trading volumes were low. Iron ore ...

Markets Commodities Shipping iron ore futures China Qingdao port steel mills spot prices

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