Industry News

Iron ore price up on supply concerns in China

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Update time : 2021-12-02 18:08:04

The iron ore price advanced on Wednesday, buoyed by supply concerns.

Some border cities in China’s Inner Mongolia region and Heilongjiang province have halted non-container imports by rail for commodities including coal, iron ore, copper ore and zinc to reduce risks amid a recent resurgence of covid-19 infections.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $104.49 a tonne, up 1.9% from Tuesday’s closing.

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