Asian iron ore market quiet on buyer uncertainty

摘要

Chinese buyers withheld from spotseaborne procurement Tuesday as they werenot confident the price rally was supported bysteel fundamentals.The 62% Fe IODEX was assessed down 55cents day on day at $83.40/dry mt CFR NorthChina. The front month January IODEX swaprose 10 cents on day to $79.50/dmt.