China iron ore prices surge amid loan prime rate cut, Shanghai re-opening

Seaborne iron ore prices jumped on Friday May 20 with a good number of physical transactions at higher prices, while futures and swaps prices increased for a second consecutive day, sources told Fastmarkets.

Key drivers

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


Paul Lim

May 20, 2022

11:36 GMT