Iron ore continues to rise amid better economic expectations and increased trading activity. Australian iron ore price 62% Fe increased by 1.5 USD/ton to 127.5 USD/ton CFR.
Prices of all major products in China’s ferrous metals market, including iron ore, rebounded on November 8 as market sentiment warmed following upbeat statements on the local economy. of the Governor of the People’s Bank of China.

However, the outlook for iron ore demand remains tepid due to a low construction season in China and the early onset of heavy snowfall in the north of the country.