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14 May

Iron ore prices turn down

Seaborne iron ore prices weakened on Tuesday as Chinese steel futures fell. The Kallanish KORE 62% Fe index and KORE 65% Fe index lost $2.66/t and $2.71/t respectively to $114.11/dry metric tonne cfr Qingdao and $129.55/dmt cfr. The KORE 58% Fe index was $2.44/t lower at $101.43/dmt cfr. Sources report that 80,000 tonnes of Mac Fines were booked at $109.1/t with a laycan of 12-21 June. Meanwhile, 90,000t of JMBF Fines were sold at a floating price with shipment o…
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