Iron ore prices rose on Friday on hopes of improving demand in China amid reports of potential easing of its covid-19 restrictions.
China is considering a cut in the duration of quarantine for inbound visitors from 10 to seven days, Bloomberg News reported, citing people familiar with the matter.
Dalian’s most-traded January iron ore rose 1.5% to 686 yuan ($94.68) a tonne.
“We believe that this relaxation will not be enough to attract many foreigners to enter the country, as the quarantine period is still long,” ING analysts said in a note.
