Expectations of post-holiday restocking boosts seaborne iron ore prices

摘要

Singapore—Seaborne iron ore prices rebounded on optimistic demand outlook post Lunar New Year holidays. S&P Global Platts assessed the 62% Fe Iron Ore Index at $158.05/dry mt CFR North China on Feb. 4, up $6/dmt on the day. The front-month March 62% Fe derivatives were up $5.90/dmt from Feb. 3 to $152.95/dmt on Feb. 3. Swap prices rebounded strongly amid upbeat sentiment. Market sources regarded the rebound as a correction to recent bearish price trend.