25
Nov
16:33
Iron ore declines despite China's RRR cut
Seaborne iron ore prices fluctuated widely last week under the influence of multiple factors, but finally closed almost stable through the week.
The Kallanish KORE 62% Fe index lost $0.26/t on Friday to $100.06/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.23/t lower at $111.49/dmt cfr, and the KORE 58% Fe index declined $0.78/t to $86.76/dmt cfr.
On the Dalian Commodity Exchange, January iron or…
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Anonymous
Very good overview of the weekly steel market.
Anonymous