Mysteel Global has this heading today:
Market: Bullish Sentiment Pushes up Iron Ore Price
Both the physical and the futures market trending upwards.
Mysteel's PORTDEX Fe 62% Australian Fines index, firming to US$98.3 /wmt (Yuan 698 /wmt) FOT Qingdao and including 13% VAT up Yuan 10/wmt on the day.
Also, on Friday, Mysteel's SEADEX Fe 62% Australian Fines index, climbed to US$92.85 /dmt CFR Qingdao.
A firm iron ore demand is prevailing amid a relatively fragile supply. This is combining to produce a bullish market sentiment.
Blast furnace utilisation in China is also increasing.
https://www.mysteel.net/article/5015774-050101/Market--Bullish-sentiment-pushes-up-China-iron-ore-price.html
https://www.mysteel.net/article/5015777-050101/DAILY--China-iron-ore-prices-firm-though-trade-thins.html
Iron ore price, page-21438
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