04
Sep
15:24
Iron ore retreats as Vale promotes blockchain
Seaborne iron ore prices lost ground on Friday as some of the bullish sentiment eased and port stocks ticked higher. Vale and Nanjing Iron and Steel meanwhile announced their first blockchain-enabled iron ore trade.
The Kallanish KORE 62% Fe index slipped $0.31/t to $127.97/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index fell $0.45/t to $140.62/dmt cfr, and the KORE 58% Fe index increased $0.09/t to $116.37/dmt cfr.
On the Dalian Commodity Exchange…
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Anonymous
Very good overview of the weekly steel market.
Anonymous