IRON ORE DAILY: Seaborne iron ore prices rise on concerns over Brazilian supply

摘要

The seaborne iron ore market remained resilient on Tuesday May 12, with the prices for Brazilian fines rising significantly due to concerns over supply. Market participants voiced renewed concerns over Brazilian iron ore supply over the past week due to expectations exports of the product would be impeded by Covid-19-related lockdowns in the South American country in response to the rising number of infections.