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08 Jun

Iron ore holds as China targets logistics boost

Seaborne iron ore prices remained in a holding pattern on Wednesday. China is focusing on key issues slowing down the economic recovery, but markets are not yet sure measures will be sufficient to sustain prices. The Kallanish KORE 62% Fe index inched $0.14/tonne higher to $145.39/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index slipped $0.03/t to $167.71/dmt cfr, and the KORE 58% Fe index increased $133.46/dmt cfr.  On the Dalian Commodity Exch…
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