Iron Ore Market Report August 2011

The general iron ore market presents “V” model development during this month.Asian Metal Copyright The iron ore price decreased slightly in the middle period of the month with few deals concluded as most sources preferred to watch the market.Asian Metal Copyright The futures price o bulk commodities such as steel decreased due to the influence as Standards and Poor lowered the sovereignty grade of US and sovereignty debt crisis broke out in Europe.Asian Metal Copyright .Asian Metal Copyright The iron ore price decreased slightly in the middle period of the month with few deals concluded as most sources preferred to watch the market.Asian Metal Copyright At the same time, the market was likely to rise and traders were unwilling to sell materials at present.Asian Metal Copyright However, steel price increased then as various countries carried out policies to improve the market.Asian Metal Copyright The futures price o bulk commodities such as steel decreased due to the influence as Standards and Poor lowered the sovereignty grade of US and sovereignty debt crisis broke out in Europe.Asian Metal Copyright The iron ore price continued to rise.Asian Metal Copyright At the same time, the market was likely to rise and traders were unwilling to sell materials at present.Asian Metal Copyright The price of Indian iron ore fines 63.5%min operated as high as at USD187-189/t CIF; the quotation was at USD190/t by cash payment and the price generally kept at RMB1,340/t FOT.Asian Metal Copyright However, steel price increased then as various countries carried out policies to improve the market.Asian Metal Copyright At the same time, the market was likely to rise and traders were unwilling to sell materials at present.Asian Metal Copyright .Asian Metal Copyright But most traders preferred to watch the market considering that the iron ore price stayed at a high level.

.Asian Metal CopyrightThe general iron ore market presents “V” model development during this monthAsian Metal Copyright