After a seven-days-long holiday of China and its marketers being back, there is a review on the Iranian export Iron ore in Bandar Abbas port and Chinese ports:
- All Iranian export iron ore had a USD +2 growth and a +3.1% to +8.7% increase during last week depending on the product.
- Dalian Commodity Exchange Index was also ascending and experienced a +0.9% rise. Generally, China’s demand increases after the holidays and end of traffic limits. Hence steel makers are restocking which motivates the prices.