Iron ore prices tick up on warmer sentiment, but downstream demand muted

Seaborne iron ore prices increased on Thursday May 19 amid firmer sentiment among traders who saw Shanghai's start of lifting of lockdowns as a bullish sign, market sources told Fastmarkets.

Key drivers

The value of the most-traded September iron ore futures contract on the Dalian Commodity Exchange increased on Thursday, ending the day up by 3.4% from Wednesday’s settlement price...

Published

Paul Lim

May 19, 2022

11:40 GMT

Singapore