04
Dec
15:36
Iron ore plummets, China suppresses property speculation
The seaborne iron ore market plunged on Monday as the Chinese government stressed its crackdown on property market speculation.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index slumped by $4.05/t and $3.97/t respectively to $129.47/dry metric tonne cfr Qingdao and $141.46/dmt cfr. The KORE 58% Fe index, meanwhile, was $4.32/t lower at $118.27/dmt cfr.
90,000t of Mac fines and 170,000t of BRBF were each sold at $126.1/t and $131.4/t with a laycan of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous