| The sharp rise in iron ore prices this week, following bullish China September trade data, should be supported in the short term by restocking, Investec Bank said Tuesday. September iron ore imports to China rose 13.6% year on year, and was the second-highest reported monthly amount, Investec analysts said in a note.
"In as much as the Chinese trade data was positive, it needs to be borne in mind that the strong iron ore demand figures may only be temporary, with mills restocking ahead of the Golden Week holiday," Investec said. "That said, we are now moving into the traditional period of restocking for the New Year."..............................................Full Article: Source
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