Iron ore jumps on tight supply, low inventories

摘要

The seaborne iron ore marketsoared Monday on limited prompt loadingshipments from Australia.S&P Global Platts assessed the 62% FeIron Ore Index at $75.80/dry mt CFR NorthChina Monday, up $1.70/dmt from last Friday.The front-month December TSI swap rose$1.50/dmt from last Friday to $72.20/dmt.For November, prompt loadingseaborne iron ore cargoes to be deliveredto Chinese ports within the monthappeared to have tightened. The higherliquidity at Chinese ports had lowered portinventories over a couple of weeks.