Iron ore trading activity dies down on eve of Chinese holiday

The trading of iron ore in the physical market largely came to a close on Friday September 29 with most participants in China starting a week-long break.

Key drivers Weakness in the ferrous markets and the upcoming holiday in China – until the end of next week to mark the country’s National Day and the Mid-Autumn Festival – had kept the seaborne segment quiet, even as mills stocked up ahead of the break at the ports. The country’s ferrous futures were largely rangebound for most of the day, though the rebar and hot rolled coil contracts experienced a...

Published

July Zhang

September 29, 2017

12:07 GMT

Shanghai