Iron ore volatility minimal as supply-demand finds support at current prices in China

摘要

Iron ore market has shown little volatility in China, as supply-demand curve found support at its current prices, marketplayers say. Australian iron ore fines 62% Fe registered some blip of firmer pricing, after gaining $0.5/t on Thursday, as it climbedto $51.5/t CFR owing to higher futures. “The market seems to have found support at $50/t CFR lately. The ups anddowns are marginal and speculatively-driven mostly,” a trader source told Metal Expert.