China data boosts iron ore futures, traders optimistic
NewsTotal shipments from Australia and Brazil – significant iron ore suppliers – decreased by 12.5% week-on-week to 22.08 million tons for the week ending March 18.
While Chinese ore demand (see page 13 of this issue) has been the bedrock of the freight recovery, it is not quite the whole story. There are other factors at work that have helped raise the temperature of the market
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