Seaborne iron ore market quiet ahead of Chinese New Year despite price uptick

Physical iron ore trading continued to slow down on Tuesday February 13, ahead of the Chinese New Year holiday, despite gains in the paper markets.

Key drivers China’s ferrous futures prices advanced across the board, with the benchmark iron ore contract outperforming other products, rising by 1.3% from the preceding day’s settlement. Very limited iron ore trading activity was reported in the seaborne market and at Chinese ports, however, as most participants in China have started their holidays for the Lunar New Year. A March-arrival seaborne cargo of...

Published

July Zhang

February 13, 2018

10:56 GMT

Shanghai