Iron ore price, page-18

Iron ore Price (business insider)
-Feb 8, 2017, 7:36 AM
Iron ore used to be a sleepy commodity market. Those days are but a memory.
It’s now wild, as demonstrated by the daily gyrations that have now become norm rather than the exception.

Tuesday was no exception. Out of nowhere, and after two days of heavy losses, prices exploded higher led by another enormous move in Chinese futures.

The spot price for benchmark 62% fines surged by 3.34% to $83.29 a tonne, according to Metal Bulletin, completely reversing the decline reported in the previous two sessions.According to Metal Bulletin, the move was sparked by strength in steel billet prices, leading to some enormous gains in futures markets after several days of heavy losses.


right now:

Fmg is up-

• FMG
• $6.620
• $0.010 (0.15%)

Rio is up:

• RIO
• $65.400
• $0.240 (0.37%)