Xinhua-China Iron Ore Price Index for 62% import iron ore up 2 points

Monday, 11 March 2019 10:11:12 (GMT+3)   |   Shanghai
       

As of March 4, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 87 points, up two points compared to February 25. Meanwhile, the Xinhua-China Iron Ore Price Index for imported iron ore with 58 percent iron content was at 77 points on the date in question, up one point over the same period, as announced by China's Xinhua News Agency.

During the given week, following previous downward corrections, import iron ore prices rose slightly as demand from downstream users improved. It is expected that import iron ore prices will likely edge up in the coming week as activity at construction sites will improve further amid better weather conditions.

 


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