Iron ore prices rebound on firmer import appetite, market outlook split

Seaborne prices for iron ore cargoes became firmer on Thursday June 23 in line with an upward movement in prices on futures and swaps, supported by firmer buying sentiment for cargoes with August laycans, sources told Fastmarkets.

Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) traded upward on Thursday, closing the day 5.64% higher than Wednesday’s closing price of 709.50...

Published

Norman Fong

June 23, 2022

12:52 GMT

Singapore