The price of seaborne iron ore delivered into China gained a little traction on the last trading day of the week after China's late-Thursday announcement to cut banks' interest rates. This lifted market sentiment, resulting in somewhat higher-priced deals, but many market sources still did not expect a strong swell in demand for iron ore (see related story, left). Nonetheless, the Platts 62% Fe benchmark assessment moved up 1 dollars to 134 dollars/ dry mt CFR North China.
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