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13 Feb

Iron ore firms, Rio reports train derailment

Seaborne iron ore prices continued to firm on Tuesday after Australian miner Rio Tinto reported a train derailment. The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained respectively by $0.5/t and $0.52/t on Tuesday to $128.07/dry metric tonne cfr Qingdao and $141.07/dmt cfr. The KORE 58% Fe index meanwhile increased by $0.01/t to $115.68/dmt cfr. On the Singapore Exchange, February 62% Fe futures and 65% Fe futures each settled $0.45/t higher at …
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