24
May
16:45
Iron ore falls despite stimulus promises
Seaborne iron ore prices fell again on Tuesday as confidence faded. Despite the prospect of Indian export duties and more Chinese stimulus, iron ore futures markets are again jumpy.
The Kallanish KORE 62% Fe index fell $0.78/t to $130.88/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index dropped $0.78/t to $154.79/dmt cfr, but the KORE 58% Fe index inched $0.23/t higher to $119/dmt cfr.
On the Dalian Commodity Exchange, September iron ore settled down …
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Anonymous
Very good overview of the weekly steel market.
Anonymous