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15 Apr

Iron ore holds with lower inventories

Seaborne iron ore prices edged lower on Monday, with rising coking coal prices expected to lead market moves. The Kallanish KORE 62% Fe index and KORE 65% Fe index declined by $0.12/t and $0.07/t to $111.19/dry metric tonne cfr Qingdao and $123.59/dmt cfr. The KORE 58% Fe index was $0.14/t lower at $100/dmt cfr. On the Dalian Commodity Exchange (DCE), the most-traded September 2024 iron ore contract gained by CNY 11/t ($1.51/t) to CNY 838.5/t ($115.83/t). On the …
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