Participants of the seaborne iron ore market continued to sit on the sidelines on Thursday February 22, the first working day in China after its weeklong Chinese New Year break, which kept prices rangebound.
Key drivers Many are staying put to see how the market develops now that the holiday is over. Inquiries continued to center on high-grade fines as well as lumps, such as Carajas fines, Newman fines and lumps, according to trading sources. Quote of the day "Mills were just asking for prices, but were not ready to place orders today since most of them had stocked up ahead of the holiday," a trading source in Shandong province said. Trades/offers heard in...