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20 May

Iron ore gains, oversupply will remain

Seaborne iron ore prices have continued their rising trend on Monday as the market benefits from the positive expectations brought about by the relaxation of China's real estate policies. The Kallanish KORE 62% Fe index and KORE 65% Fe index gained $0.62/t and $0.46/t respectively to $119.14/dry metric tonne cfr Qingdao and $134.24/dmt cfr. The KORE 58% Fe index was $0.55/t higher at $106.17/dmt cfr. Sources report that 90,000 tonnes of JMBF Fines were booked …
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