Iron ore rapidly becomes more expensive

12:25 - 27.09.2021

September 27, Fineko/abc.az. The price per ton of iron ore has exceeded $120.

ABC.AZ reports that experts link this with the fact that some manufacturers have begun to increase their warehouses.

Thus, iron ore has already grown in price more than by 9% in the Singapore market. Production facilities are also increasing their warehouses before the holidays in China.

Along with this, the preparation for a possible default of Evergrande in China also increases uncertainty.

 

Other news