05
Feb
15:11
Iron ore quietens as holidays begin
Seaborne iron ore prices slipped quietly into the Chinese New Year holiday following the pre-break flurry of trading activity seen over the last 2 weeks.
The Kallanish index for 62% Fe Australian fines slipped back by $0.23 to $44.55/dry metric ton cfr Qingdao. There were no trades on the globalORE platform and other physical trading activity was muted. The TSI iron ore futures contract on the Singapore Exchange also fell back slightly.
All found, i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous