Trading thin in seaborne iron ore market amid retreating Chinese steel prices, futures

摘要

The seaborne iron ore market continued to see thin trading withprices staying rangebound on Wednesday January 3 amid losses inChina’s steel and futures markets.China’s benchmark steel and iron ore futures contracts posted ashort-lived uptick in the morning before trending downward afterthat to end the day in negative territory.The weathervane billet price in Tangshan fell 50 yuan ($7.70) pertonne late in the afternoon to 3,680 yuan per tonne.