Iron ore crawls higher

Photo by Robert Gray/Getty Images

The iron ore price continued it’s choppy trading pattern overnight, logging a small increase following a 1.4% plunge on Tuesday.

According to Metal Bulletin, the spot price for benchmark 62% fines rose by 27 cents, or 0.48%, to $56.32 a tonne.

Year-to-date the price has fallen 21%.

Chinese markets, including iron ore futures, will be closed between October 1 to 7 for the Golden Week holiday.

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