22
Mar
16:35
Iron ore dips with RMB depreciation
Seaborne iron ore prices fell back on Friday, but fluctuations in the RMB exchange rate may support firm values.
The Kallanish KORE 62% Fe index and KORE 65% Fe index declined by $1.33/t and $1.43/t respectively on Friday to $109.38/dry metric tonne cfr Qingdao and $121.69/dmt cfr. The KORE 58% Fe index dropped by $2.49/t to $97.88/dmt cfr. Sources report that 100,000 tonnes of Newman Fines were sold at $109.1/t with a laycan of 11-20 April.
On the Dalian Co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous