DCE: Iron ore closes stable with an upward bias this Monday.

In the evening session this Monday (30), the May contract of iron ore in Dalian Exchange (DCE) It ended stable with an upward bias (+0.06%), at 813 yuan (US$ 117.68) per ton. 

In this trading session, prices for the steelmaking ingredient continue to be driven by higher freight costs in the international market, amid the ongoing conflict in Middle East. 

However, gains were limited after the Chinese consultancy, Mysteel, to report that iron ore stockpiles at the country's 47 main seaports reached a record 179 million tons last week. 

On the radar, agents continue to monitor the negotiations of Beijing with the Australian company BHPThe impasse is creating uncertainty regarding the medium-term supply of the commodity in the Asian country. 

This text was translated by machine from Brazilian Portuguese.