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23 Jun

Iron ore seeks direction

Seaborne iron ore prices have continued to fluctuate in a range despite dramatic swings in futures markets. Government attempts to reassure the economy continue to founder despite a focus on the most optimistic sectors. The Kallanish KORE 62% Fe index picked up $0.32/t to $116.59/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index slipped $0.23/t to $135.25/dmt cfr, and the KORE 58% Fe index dropped $3.92/t to $113.34/dmt cfr. 170,000 tonnes of PB fines …
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