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16 Nov

Iron ore slows with uncertainty

The seaborne iron ore market saw slower gains, with Chinese iron ore futures weakening after DCE restricted trading since Wednesday. The Kallanish KORE 62% Fe index and the KORE 65% Fe index both gained on Thursday by $0.81/t and $1.67/t respectively to $132.6/dry metric tonne cfr Qingdao and $143.6/dmt cfr. The KORE 58% Fe index meanwhile was $0.96/t higher at $122.67/dmt cfr. 90,000t of Newman fines and same amount of Mac fines were each sold at $132.5/t and $1…
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