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MNI BRIEF: Iron Ore Prices Have Potential To Increase

MNI (BEIJING) - Iron ore prices have potential to rise further this month as Chinese mills restart furnaces and increase pig iron production, analysts at Shanghai Metals Market, a commodity research firm, said on Tuesday.

Looking ahead, the analysts noted macro policy expectations and market sentiment were favourable, with imports expected to remain robust given the current peak season for shipments.

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MNI (BEIJING) - Iron ore prices have potential to rise further this month as Chinese mills restart furnaces and increase pig iron production, analysts at Shanghai Metals Market, a commodity research firm, said on Tuesday.

Looking ahead, the analysts noted macro policy expectations and market sentiment were favourable, with imports expected to remain robust given the current peak season for shipments.

Keep reading...Show less