Daily iron ore price update (Vale schmale)

Texture from Reuters:

China’s iron ore futures extended gains for a third session, buoyed by continued supply worries, after Brazil’s Vale closed a tailing dam earlier this month, and lowered full year iron ore and pellet sales guidance

The increase in prices was curbed by cooling demand as China is coming into autumn-winter heating season, when construction activity slows and may face restrictions depending on air quality controls.

There are 1267 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.