Commodities Buzz: Spot Prices of Iron Ore Fines in China Increases Marginally
he spot price of iron ore fines 62% to China has increased slightly. Current price of iron ore is being offering at US$62.43/ton, increasing by US$0.08/ton or 0.13% from the previous price. The average price of iron ore was US$62.39/ton in the month.
Meanwhile, the China Iron Ore Price Index (CIOPI) increased by 0.84 points or 0.37% week on week to 231.19 points as of March 3th, according to the latest statistics by the China Iron and Steel Association (CISA).
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