Iron ore price rebounds on more buying

摘要

Singapore—The Asian seaborne iron ore market rebounded slightly on some buying interest for forward-month loading cargoes. Platts assessed the 62% Fe Iron Ore Index at $94.80/dry mt CFR North China, up $2/dmt on the day. The front-month September TSI swap was up $1.20/dmt on the day at $90.40/dmt. "There is importing profit if [we] compare September pricing shipments to current port stocks prices. Some importers may want to take the opportunity to buy forward-month cargoes," a Hebei-based steelmaker said.