05
Aug
16:24
Iron ore rebounds despite higher port stocks
Seaborne iron ore prices ended their decline and rebounded last Friday, as the market panic caused by the latest geopolitical crisis was exhausted.
The Kallanish KORE 62% Fe index gained $0.9/t on Friday to $107.1/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $1.23/t higher to $118.43/dmt cfr, and the KORE 58% Fe index remained stable at $99.58/dmt cfr.
On the Dalian Commodity Exchange, September iron ore settled up CNY 2/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous