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21 Jun

Iron ore declines, inventory turns down

Seaborne iron ore prices rose at the beginning of last week and then fell again, as the stimulus to market sentiment from China's production cut rumours faded late last week. The Kallanish KORE 62% Fe index and KORE 65% Fe index both lost $1.68/t to $105.98/dry metric tonne cfr Qingdao and $121.32/dmt cfr respectively. The KORE 58% Fe index was $1.48/t lower at $93.31/dmt cfr. On public platforms, 170,000t of PB Fines were booked at $104.3/t with a laycan of …
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