Iron ore prices edge up on improving sentiment driven by rumors property rule shake-up in Hangzhou

Seaborne iron ore prices increased slightly on Friday May 13, with sentiment improving due to rumors that property rules will be eased in the key financial center Hangzhou, along with growing interest in mid-grade fines across China, sources told Fastmarkets.

Key drivers

The value of the most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) increased on Friday, ending the day up by 3% from Thursday’s settlement...

Published

Paul Lim

May 13, 2022

11:56 GMT

Singapore