Asian seaborne iron ore pricing rallied on Tuesday on the back of continued supply tightness and firm demand.
The front-month July TSI swap was up $3.85/dmt from Monday at $106.85/dmt.
A trader source in Shanghai said demand for iron ore from end-users and traders was providing support.Transactions at Chinese ports werefirm Tuesday. A Chinese trader source in
Singapore said a shortage of Australiancargoes would persist in the near term at the dockside.
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