Xinhua-China Iron Ore Price Index for 62% Fe import ore down 3 points

Thursday, 28 February 2019 11:53:56 (GMT+3)   |   Shanghai
       

As of February 25, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 85 points, down three points compared to February 18. Meanwhile, the Xinhua-China Iron Ore Price Index for imported iron ore with 58 percent iron content was at 76 points on the date in question, also down three points in the same period, as announced by China's Xinhua News Agency.

During the given week, import iron ore prices decreased. Following the previous significant rises caused by the dam collapse in Brazil, demand failed to provide support for prices, resulting in the downward correction seen in the week in question. Since demand for import iron ore has now shown an improvement, import iron ore prices will likely fluctuate within a certain range at current high levels in the coming week.


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