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08 Jun

Iron ore declines, Chinese banks cut rates

Seaborne iron ore prices fell slightly on Thursday, but market sentiment strengthened driven by multiple factors. The Kallanish KORE 62% and 65% Fe indices decreased by $0.96/tonne and $0.18/t respectively on Thursday to $110.34/dry metric tonne cfr Qingdao and $121.87/dmt cfr. However, the KORE 58% Fe index rose by $1.26/t to $101.04/dmt cfr. 90,000 tonnes of JMBF fines were sold at a floating price with laycan of 1-10 July. On the Dalian Commodit…
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