Iron ore markets look set to spring back to life

Photo by Don Bartletti/Los Angeles Times via Getty Images

Iron ore spot markets were static for a second consecutive session on Friday, devoid of activity thanks to a public holiday in China.

The price for 62% fines, 58% fines and ore with 65% Fe content held steady at $63.57, $37.29 and $80.70 a tonne respectively.

Activity levels should pickup on Monday as Chinese markets reopen for the first time in four days.

Chinese commodity futures will resume trade at 11am AEST.

The most actively-traded rebar and iron ore contracts finished Wednesday’s day session at 3,343 yuan and 447 yuan a tonne respectively.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.