According to the market price in China, the iron ore futures price reached US$190/ton recently, mainly benefited from the strong market demand and supply shortage.

However, Vale, the world's biggest producer of iron ore, mentioned that the global output of iron ore might be resume in the second half of this year, plus the Chinese latest environmental protection regulations, both might restrict the increase of iron ore price.

Although the future supply showed bright, the output resuming still needed time, which meant the iron ore price might be hard to turn weak in the short term.