Markets: China's iron fires

Reports of the death of China's iron ore demand have been greatly exaggerated.

So much for dire predictions for iron ore. The spot price for iron ore imported through the northeast Chinese city of Tianjin has risen for an eighth consecutive day, up $US1.50, or 1.2 per cent, to $US131.90 a tonne. The Tianjin iron ore price is now 19 per cent higher than it was May 31 when it was $US110.40. That’s quite a rise given the volume of dire commentary on the Chinese economy, industrial production and the output of steel mills in particular.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles