07
Jun
16:19
Iron ore pauses as markets watch reopening
Seaborne iron ore prices have paused after their recent rally. Markets are watching Shanghai and other Chinese cities closely to see how effective reopening and stimulus will be over the coming months.
The Kallanish KORE 62% Fe index pushed $0.25/tonne higher to $145.25/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index slipped $0.33/t to $167.74/dmt cfr, and the KORE 58% Fe index increased $0.40/t to $132.99/dmt cfr.
On the Dalian Commodity Exchange, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous