Most-Traded Iron Ore Contract Closes with Gains of 2.62% on Feb 9

SHANGHAI, Feb 10 (SMM) - Yesterday, iron ore futures still fluctuated with some ups, and the most-traded I2305 contract closed at 863 yuan/mt, an increase of 2.62%. The overall transaction was acceptable. Traders were still active in shipments, but steel mills were relatively cautious in buying. Spot prices of PB fines in Shandong mainly moved between 870-875 yuan/mt, up 10-15 yuan/mt from the previous trading day. In Tangshan, prices of PB fines stood at 876-882 yuan/mt, up 15-20 yuan/mt. SSF was traded at 758 yuan/mt.