Iron ore market showing signs of stabilization

The iron ore market remained subdued on Tuesday March 13 with trading activity still low, though signs of prices stabilizing appear to have emerged.

Key drivers China’s ferrous futures registered losses across the board against the preceding day’s settlement prices for a fifth day. But although the benchmark May iron ore contract ended the day at the same closing price as that on Monday, the September and January 2019 contracts ended higher than their previous close. The April and May iron ore swaps contracts on the Singapore Exchange are also higher than their levels a day earlier at the time of writing. Trading activity picked up slightly in the seaborne market and at Chinese ports, but prices have...


July Zhang

March 13, 2018

10:32 GMT