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03 May

Iron ore looses direction without buyers

Seaborne iron ore prices moved slightly on Friday, with market activity expected to pick up after China ends its Labour Day holiday. The Kallanish KORE 62% Fe index and KORE 65% Fe index remained stable and declined $0.14/t respectively to $117.09/dry metric tonne cfr Qingdao and $131.47/dmt cfr. The KORE 58% Fe index was $0.12/t higher at $105.8/dmt cfr. On the Singapore Exchange, June 62% Fe futures and 65% Fe futures settled $0.33/t and $0.31/t lower, res…
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