China's iron ore prices may further high in future
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Update time : 2020-06-05 20:49:29
According to the market in China, the iron ore prices have continued increasing currently, even touch the new high since August in 2019.
The main reason for the increasing trend in China of iron ore was caused by the short-supply, which caused the stock level to keep decreasing, and which almost touch the new low of recent 4 years.
In the forecast from the market, the market participants believed the price of iron ore would remain at a high level in the future because the production of steel might further increase due to the upcoming peak season.
