Along with the coming of annual iron ores negotiation, some international investment companies raised their forecast on the increasing rate for iron ore price in 2010.

Due to the recovery of steel market and the tight supply of iron ores, the price of iron ores in spot market has increased a lot from last December.

Current price in spot market is almost double of the long term price. So they are expecting the long-term price of iron ores would increase by 40~50 percent this year from previous 15~20 percent.