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07 Dec

Iron ore slips but freight rates remain robust

Seaborne iron ore prices continued to slide on Thursday in line with falling steel prices. Continued bookings for freight in recent weeks have meanwhile sent shipping costs soaring back to multi-year highs. The Kallanish index for 62% Fe Australian fines slipped $2.25/tonne to $65.87/dry metric ton cfr Qingdao, the lowest level since 22 November. 80,000 tonnes of Newman fines sold on COREX at $64.50/t with a laycan in 22-31 December. 170,000t of PB fin…
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