The seaborne iron ore market saw a price uptick last week on the support of a stronger steel market and a bullish market sentiment. S&P Global Platts assessed the 62% Fe Iron Ore Index (IODEX) at $68.75/dry mt CFR North China Friday, up $1.25/dmt from a week earlier, despite being down by $0.65/dmt day on day. The news last week that the Chinese government will invest over Yuan 800 billion in infrastructure construction in 2018 boosted market sentiment to some extent as some participants believe this move will stimulate more steel demand in the near future.
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机译:海运铁矿石市场上周看到了一个价格上涨的钢铁市场的支持和看涨市场情绪。 S&P Global Platts评估了62%的Fe铁矿石指数(IODEX)以68.75美元/干燥的MT CFR North China Friver Vents,尽管在一天前,每周达到每周1.25美元/迪尔米特。 上周的新闻,中国政府将在2018年投资8000亿美元的基础设施建设,在一定程度上提高了市场情绪,因为一些参与者认为这一举措将在不久的将来刺激更多的钢铁需求。
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