Iron Ore Prices to Fluctuate in the Short Term

SHANGHAI, Feb 14 (SMM) - The overall supply of iron ore was at the average level of the same period in previous years. The arrivals at Chinese ports increased slightly this week, and are expected to fluctuate narrowly in the later period. On the demand side, more blast furnaces resumed production this week, driving the pig iron output. However, the current iron ore prices are still affected by macro factors and finished product demand to a certain extent. It is expected that iron ore prices will fluctuate in the short term.