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09 Jun

Iron ore confidence wobbles on Shanghai mass testing

Seaborne iron ore prices wavered on Thursday, with 62% Fe prices sliding a little. Shanghai has ordered mass Covid testing in several districts, prompting fears that a reversal of its reopening may be imminent. The Kallanish KORE 62% Fe index slipped $0.93/tonne to $144.46/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index dropped $1.21/t to $166.50/dmt cfr, but the KORE 58% Fe index inched $0.30/t higher to $133.76/dmt cfr. On the Dalian Commodity Exc…
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