According to the market information, the iron ore price in the world has touched a new high in the recent two months, reaching US$120/ton.

The main reason for the strong iron ore price was benefited by the upcoming resuming production trend in China, which caused the market to believe the demand for iron ore would continue to grow in the future.

In the recent four trading days, the increased range of iron ore’s price has shown 12.4%, even increased by 20% from the beginning of this month.