Iron ore futures prices recorded minor fluctuations on Wednesday, supported by a recovery in maritime transport costs and prospects of possible supply disruptions in the coming weeks. The movement occurs despite weakened demand for the raw material used in steel production.
On the Dalian Commodity Exchange (DCE) in China, the most-traded contract, expiring in January, advanced 0.07%, to 681.50 yuan per ton, equivalent to US$ 102.04.
On the Singapore Exchange, the reference contract for November registered a gain of 0.15%, trading at US$ 91.30 per ton.
Rise in maritime freight sustains iron ore prices
Anal…
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