The price of iron ore remains close to its highest levels with the anticipation of a Brazilian port

Iron Ore Price stabilized near its highest levels on Tuesday, as clients follow the effects of a fire that broke out in a large center for the execution of the components of the steel industry in Brazil. Future contracts have risen more than $ 107 to remain at their highest levels since February. Earlier this week, prices increased with the market balance between the expected reinviation in China and the fear of the Rio Tinto group in Guinea. Meanwhile, the Iron Futures contracts on the Dalian Stock Exchange continued their height. A fire in the Brazilian “Valer” exit center, the traders also evaluated the impact of a fire that broke out in a large iron ore export center for Vale SA on Tuesday. Punta de Madira harbor is the most important port for iron ore shipping from the Valley Grand Carachas Camps operations. A ‘Valley’ spokesman said on Wednesday that the fire was subjected, and it is expected that it will not affect the schedule of shipping or the size of the provided material. Buyer and aluminum rise the future copper contracts by 0.2% to reach 9937.50 dollars per tonne on the London Metal Stock Exchange at 11:15 p.m. Singapore time. Aluminum has also risen 0.2% after it has risen 0.9% since the beginning of the week, supported by large withdrawals from the London Metal Scholarship houses. Iron futures in Singapore stabilized at $ 107.25 per tonne, while future contracts condemned in the Dalian Stock Exchange remained at the highest level since July. Steel contracts have decreased in Shanghai.