Iron ore market mulls potential for further upside after strong November rally

Industry participants in the Chinese iron ore market are watching for further upward momentum in iron ore prices after a firm rally since the start of November, Fastmarkets has learned.

Fastmarkets’ iron ore 62% Fe fines averaged $127.69 per tonne between November 1-15, a $8.78 per tonne (or 7.4%) increase from the monthly average in October. 

Published

Norman Fong

November 16, 2023

16:28 GMT

Singapore