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23 Mar

Iron ore continues decline

The bubble in the iron ore market appears to be bursting, with weak market performance weighing on seaborne iron ore prices. The Kallanish KORE 62% Fe index lost $0.88/t on Thursday to $126.39/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index declined $0.82/t at $142.22/dmt cfr, and the KORE 58% Fe index reached $1.32/t lower to $116.76/dmt cfr. On the Dalian Commodity Exchange, May iron ore decreased CNY 7.5/t …
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