Iron ore stable on softer demand in China, traders remain optimistic

摘要

On October 14, iron ore prices have stabilized in China on the back of a plunge in demand in the producers’ market. However, traders think a further increase is possible. Only two contracts have been concluded in exchange markets. Like yesterday, 62% Fe fines from Australia are available at $83-85/t CFR. “Buying has generally improved lately, and I hope prices will go up further at least slightly,” a representative of trading company told Metal Expert.