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19 Apr

Iron ore prices turn lower

Seaborne iron ore prices pulled back last Friday, and the imbalance between supply and demand led to frequent market changes. The Kallanish KORE 62% Fe index and KORE 65% Fe index declined by $0.54/t and $0.55/t respectively to $115.29/dry metric tonne cfr Qingdao and $127.78/dmt cfr. The KORE 58% Fe index was $0.57/t higher at $103.84/dmt cfr. Sources report that 3,000t of 65.12% and 20,000t of 65.38% of Carajas Fines were each booked at CNY 1,015/t($140.18) and …
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