Seaborne iron ore prices rebound on supply concerns

摘要

Singapore—Iron ore prices rose on continued restocking demand by Chinese mills and concerns over supply stability. S&P Global Platts assessed the 62% Fe Iron Ore Index at $171.45/ dry mt CFR North China on Jan. 14, up $2.45/dmt from Jan. 13. The front-month February 62% Fe derivatives were up $2.60 from Jan. 13 to $167.95/dmt on Jan. 14. Chinese mills continued to restock in preparation for the Lunar New Year holidays. Tightening domestic concentrate supply, due to production stoppage in Shandong province to allow for strict safety checks, caused prices for imported concentrate and Carajas Fines to rally at the ports in the week started Jan. 10.