Tue. Feb 7th, 2023
Железная руда поднялась до четырехмесячного максимума

Chinese policy optimism supports the metal market.

On hearing that the Chinese government may further relax its policies, iron ore increased to its highest level in four months.

Singapore futures increased by about 50% from a 45-month low at the end of October.

Ore prices may be sustainable in the short term.

Traders are holding out hope that the authorities will make an effort to halt the sector’s downward trajectory and resume regular business operations.

According to Minmetals Futures, the slower-than-anticipated restocking of iron ore could help maintain price stability shortly.

In Singapore on Friday, iron ore increased 1.2% to $110.30 per tonne, marking its sixth weekly gain.

By admin

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