Chinese Spot Iron Ore Prices Up By 1.7%
Bloomberg reported that cash prices of iron ore imported by China, the world’s biggest buyer of the steelmaking ingredient, rose for a fourth week gaining 1.7% after the government announced a CNY 4 trillion stimulus package. According to Beijing Antaike information development coporation prices at Qingdao China’s biggest iron ore port, advanced to CNY 610 a tonne. Prices gained 13% in November....more at China News
This is a syndicated post. Read the original here.