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22 Apr

Iron ore holds, market awaits bond support

Seaborne iron ore prices started the week's trading with slight gains. Chinese buyers have basically completed their stockpiling in preparation for next week's holiday, and the market trend has turned stable. The Kallanish KORE 62% Fe index and KORE 65% Fe index gained by $0.37/t and $0.58/t respectively to $115.66/dry metric tonne cfr Qingdao and $128.36/dmt cfr. The KORE 58% Fe index was $0.47/t higher at $104.31/dmt cfr. Sources report that 170,000 tonn…
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