Seaborne spot iron ore bound for Asia remained unmoved on the last trading day of the week as activity was quiet due to the Dragon Boat Festival in China. The IODEX 62% Fe assessment stayed at 139.25 dollars/dry mt CFR North China. Market opinion on the future direction of steel and iron ore remained divided. Some sources were still upbeat on steel prices, saying they are likely to firm on the rising Chinese property market. This will lend support to iron ore, they suggest.
展开▼
