07
Jun
15:09
Iron ore flat as exchanges turn to Singapore
Seaborne iron ore prices barely moved on Thursday amid weak trading and a steady Chinese steel market. Chinese exchanges meanwhile are angling for new overseas investors with new offices in Singapore.
The Kallanish index for 62% Fe Australian fines gained $0.09/tonne to $65.02/dry metric ton cfr Qingdao. On COREX, two 65,000 tonne cargos of Carajas fines traded at floating prices. Iron ore futures gained in the morning before pulling back slightly in the af…
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Anonymous
Very good overview of the weekly steel market.
Anonymous