Chinese Iron Ore Prices Rising Strongly Again Despite Property Market Fears
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Update time : 2021-10-13 19:34:32
Chinese iron ore prices have certainly been on a roller coaster ride this year, hitting a record high in value terms after a period in which the price had risen and fallen sharply.
Futures on the Dalian exchange for delivery in January 2022 are now trading at RMB 777 per ton. That compares with about RMB 1,221 in May.
However, prices are on the rise again, with futures climbing 50% in just the last three weeks.
Entering the Chinese New Year holiday, market trading is sluggish
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