WEEKLY IRON ORE WRAP: Seaborne prices tick down as holiday approaches

摘要

Seaborne iron ore prices inched down the week ended Feb. 5 amid increasing illiquidity for forwardcargoes ahead of the holidays.The 62% Fe IODEX dipped to $155.90/dmt CFR China on Feb. 5, down $2.15/dmt on the week.Speculative buying interest was limited for March cargoes given the upcoming Chinese New Yearholidays with traders preferring to take positions after due to the lack of reselling opportunities now.