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08 Feb

Iron ore gains but PPI drops

Seaborne iron ore prices recovered slightly on Thursday, although iron ore trading stalled and port inventories continued to climb. The Kallanish KORE 62% Fe index and the KORE 65% Fe index each gained $0.97/t on Thursday to $127.18/dry metric tonne cfr Qingdao and $140.12/dmt cfr. The KORE 58% Fe index meanwhile increased by $0.05/t to $115.61/dmt cfr. On the Dalian Commodity Exchange (DCE), the most-traded May 2024 iron ore contract rose by CNY 15.5/t ($2.15/t)…
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