Singapore—Iron ore prices bounced back up to the $110 mark on July 21 on confidence in downstream steel demand. S&P Global Platts assessed the 62% Fe Iron Ore Index at $111.15/dry mt CFR North China on July 21, up $1.65/dmt from July 20. The front-month August TSI swap was up $1.75/dmt from July 20 at $108.05/dmt on July 21. A strong rally in the futures market was seen on the Dalian Commodity Exchange. According to sources, the worst of the rainy season in southern China is over and support for iron ore prices has come from decent steel margins, at around Yuan 300/mt, and an expectation of improving steel demand post the rainy season.
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机译：新加坡铁矿石价格于7月21日恢复了110美元的标志，以便对下游钢铁需求的信心。 S＆P Global Platts于7月21日评估了62％的Fe铁矿石指数，7月21日为111.15美元/干式MT CFR North China，UP $ 1.65 / dmt。截至7月20日的终部互惠数量为$ 1.75 / dmt以108.05美元/ dmt 7月21日。在大连商品交流中看到了期货市场的强烈反弹。 据消息人士称，中国南部的雨季最严重的是，对铁矿石价格的支持来自不错的钢铁利润，在袁300 /山周边，期望提高钢铁季节的钢铁需求。
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