China Port Stock Build Caps Rebound; Iron Ore Turns Range-Bound At High Levels

Iron ore futures rose then retreated today. The DCE most-traded I2701 contract closed at 687.5 yuan/mt, up 0.07% from the previous trading day. Spot prices of mainstream products at Qingdao port fell by about 3 yuan/mt on average. Trader activity was moderate, steel mill enquiries were few and spot trading volumes were low. Iron ore ...