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27 Jan

China fervour boosts iron ore

Seaborne iron ore prices have been lifted by strong sentiment and expectations of a demand recovery in China. The coming weeks will be crucial in determining whether the hype is justified, or whether the real recovery in demand will be delayed until the second quarter. The Kallanish KORE 62% Fe index gained $3.48/t on Friday and $4.58/t over the week to $127/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index gained $3.57/t and $4.75/t to $141.30/dmt cfr…
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