China Iron Ore Price to Rise in Some Regions, SMM Predicts

Published: Aug 24, 2016 14:30

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Iron ore prices in China’s domestic market are expected to edge higher in some regions this week, Shanghai Metals Market foresees.

SHANGHAI, Aug. 24 (SMM) - Iron ore prices in China’s domestic market are expected to edge higher in some regions this week, Shanghai Metals Market foresees.

“Domestic ore is now losing the rising momentum, but price in Liaoning is expected to advance to catch up with the gain it missed out,” SMM iron ore analyst says, expecting domestic ore price to hold largely stable.

Last week, price gains slowed significantly from the previous level, and one large mine in Shandong even cut prices, SMM survey finds.

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