iron ore hits $100/ton, good news for a change

Some good news for iron ore, but are the dimwits at TTY getting these prices?

Asia Iron Ore-India nears $100 on China demand, port delay
Thu Jul 23, 2009 3:54pm
Iron ore at $91-$95/tonne C&F, up from last week

* China demand strong, port congestion hinders supplies



MUMBAI, July 23 (Reuters) - India's iron ore prices moved closer to $100 a tonne on Thursday on strong inquiries from China and smaller than usual supplies owing to the monsoon, exporters and miners said on Thursday.

"A lot of people want to buy, but not everybody can provide supplies," said Raja Dhupar, vice president of Yazdani International Pvt Ltd, an iron ore trader operating from eastern India.