Iron Ore Set for Second Weekly Gain
Iron ore futures climbed toward CNY 730 per ton and were on track for a second consecutive weekly gain, supported by elevated ocean freight costs and expectations of pre-holiday restocking in top buyer China. Poor weather in the Pacific, higher oil prices, and increased transshipment volumes from Guinea have pushed up freight costs, providing support ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.