The seaborne iron ore market continued its downward trend on Wednesday and was near the lowest point of the past two weeks. However, the recent rise in sea freight has put a burden on transportation costs.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $0.72/t and $0.58/t respectively to $130.63/dry metric tonne cfr Qingdao and $142.5/dmt cfr. The KORE 58% Fe index, meanwhile, was $0.38/t lower at $119.28/dmt cfr.
Two deals for 170,00…
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