Dalian Commodity Exchange

Abnormal heat led to periodic power outages and the shutdown of some steel plants

A range of positive news pushes ore prices to a four-week high

Raw material prices reached $100.7/t on Friday

The price of a ton of raw materials fell below $100

During the last week, the value of iron ore on the Dalian Exchange decreased by 10.4%

Price of iron ore fell to $122.52/t

The removal of coronavirus restrictions in Shanghai had effected the prices

The cost of raw materials fell by 1.13% in two weeks

Easening of COVID restrictions in Tangshan affected the prices

Iron ore rise in price by 1-3% weekly after rise by 16% at February 25 – March 4