04
Apr
15:45
Iron ore retreats as China begins holiday
Seaborne iron ore prices moved down slightly on Thursday, with Chinese buyers entering the Tomb Sweeping holiday.
The Kallanish KORE 62% Fe index and KORE 65% Fe index declined by $0.43/t and $0.44/t respectively on Thursday to $97.93/dry metric tonne cfr Qingdao and $109.97/dmt cfr. The KORE 58% Fe index increased by $0.99/t to $88.96/dmt cfr.
On the Singapore Exchange, May 62% Fe futures and 65% Fe futures settled $1.76/t and $1.85/t lower, respectively, a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous