Seaborne iron ore prices fall further, market sentiment pessimistic
Iron ore prices in the seaborne market fell further on Tuesday May 10, in response to the continuing decline in futures and swaps markets and the pessimistic outlook for iron ore in China, sources told Fastmarkets.
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodities Exchange (DCE) opened lower and traded downwards to close 3.41% lower than the previous closing price of...
