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18 Jun

Iron ore gains with rumours of output cuts

Seaborne iron ore prices rebounded on Thursday as market sentiment strengthened on rumours of production cuts. The Kallanish KORE 62% Fe index and KORE 65% Fe index gained $0.85/t and $1.07/t respectively to $106.69/dry metric tonne cfr Qingdao and $121.93/dmt cfr. The KORE 58% Fe index was $0.81/t higher at $93.73/dmt cfr. On public platforms, 170,000 tonnes of PB Fines and 190,000t of Carajas Fines were each booked at $105/t and $121.9/t, with shipment to arriv…
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