China: Spot Iron ore shows resistance at $149/MT

August 04,

 

This morning spot market for Iron ore fines in China traded at $ 149/MT after it hit $ 151/MT in the last trade. Buying is seen majorly due to increase in Chinese Steel futures. Moreover importers are speculating market to stabilize at $145/Mt in the near term.

 

 


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *