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14 Feb

Iron ore settles little-changed, Westpac updates forecasts

Seaborne iron ore prices have swung slightly on Wednesday, with the market remaining calm as major buyers are on holiday. The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained respectively by $0.6/t and $0.62/t on Wednesday to $128.67/dry metric tonne cfr Qingdao and $141.69/dmt cfr. The KORE 58% Fe index remains at $115.67/dmt cfr. On the Singapore Exchange, February 62% Fe futures and 65% Fe futures each settled $0.57/t and $0.58/t higher at $12…
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