Iron ore price gains on stronger macroeconomic outlook

摘要

Seaborne iron ore recoveredMonday, along with steel products,trading higher on more optimisticmacroeconomic sentiment.S&P Global Platts assessed the 62% FeIron Ore Index at $66.15/dry mt CFR NorthChina Monday, up 70 cents/dmt from lastFriday. The front-month December TSI swapwas up $1.50/dmt from Friday at $65.55/dmt.Iron ore was propelled higher followingthe rally in steel products over the weekend,as well as visibly bullish sentiment in bothphysical and futures markets.