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24 Nov

Iron ore declines on inventory pressures

Seaborne iron ore prices fell slightly on Thursday, as the accumulation of iron ore port inventories weakened market expectations. The Kallanish KORE 62% Fe index lost $0.97/t on Thursday to $100.32/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.9/t lower at $111.72/dmt cfr, and the KORE 58% Fe index declined $0.66/t to $87.54/dmt cfr. 90,000t of JMBF fines were concluded at a floating price with a delivery time in Ja…
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