The seaborne iron ore market fell back on Monday. Iron ore arrivals at major Chinese ports decreased last week, but overseas shipments meanwhile rebounded, which may lead to a subsequent increase in port inventories.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined $1.95/t and $1.92/t on Monday to $123.7/dry metric tonne cfr Qingdao and $132.92/dmt cfr respectively. The KORE 58% Fe index declined by $1.29/t to $108.53/dmt cfr.
90,000t of Ne…
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