Chinese traders’ restocking activities support iron ore prices

Seaborne ore prices continued to increase on Wednesday January 26, partially supported by some traders’ restocking activities for reselling margins post Lunar New Year holiday, sources said.

Key drivers

A Hebei-based market analyst said the short-term increase was partially due to positive signs of China’s economic growth and supports in downstream steel market, such as rebar-consuming infrastructure...

Published

Alice Li

January 26, 2022

12:11 GMT

Shanghai