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22 Jun

Iron ore slips in uncertain market

Seaborne iron ore prices inched lower on Wednesday but avoided the drama of recent days despite swings in futures markets. Sentiment remains unstable despite attempts to boost confidence. The Kallanish KORE 62% Fe index dropped $0.96/t to $116.27/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index fell $1.40/t to $135.48/dmt cfr, but the KORE 58% Fe index gained $1.93/t to $117.26/dmt cfr. 80,000 tonnes of Newman Lump sold at a floating price. On the Da…
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