The seaborne iron ore market is back on the rise, despite the Dalian Commodity Exchange once again emphasising the supervision of iron ore futures.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained by $1.07/t and $1.12/t respectively to $131.7/dry metric tonne cfr Qingdao and $143.62/dmt cfr. The KORE 58% Fe index, meanwhile, was $2.08/t higher at $121.35/dmt cfr. Two deals for 170,000t of PB fines were booked at floating prices with laycans of…
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