Iron ore price tracks upward momentum in front-month swap contracts

Seaborne iron ore prices bucked the downward trend on Tuesday January 18 and tracked an upward movement on the front-month swap contracts, sources told Fastmarkets.

Key drivers

Positive macroeconomic policy prompted market sentiment in iron ore futures to turn bullish, but trading at both the Chinese ports and the seaborne market remained limited because most...

Published

Alex Theo

January 18, 2022

11:51 GMT

Singapore