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Commodities Briefing - Categorized | Market Moves, Metals and Minerals, Price Watch more

Iron ore price rebound maybe short lived

Posted on 29 December 2008

From Steelprices-china.com: It is reported that China’s imported iron ore stockpiles sitting at major seaports reduce to 59.99 million tonnes on December 19th a massive drop of 14 million tonnes from the month before.

Hectic buying has also pushed up spot ore imports price at the moment, however, the price rebound may be short lived. 63.5% Indian ore fine has risen to USD 80 per tonnes from USD 67 per tonnes in early November, while 66% ore concentrate price also gained 14% to CNY 722 per tonnes in Tangshan, Hebei…… Full Article: Source


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