04
Dec
15:29
Iron ore slumps as BHPB admits bearishness
Seaborne iron ore prices weakened again on Friday as shipments from Vale sold sharply lower. An admission of bearishness from BHP Billiton helped push prices down even further.
The Kallanish index for 62% Fe Australian fines lost $0.73/t to $38.33/dry metric ton cfr Qingdao. 170,000t of PB fines were sold in tender at $39.97/t cfr with a laycan of 18-27 December. 80,000t of 65% Carajas fines meanwhile sold on globalORE at just $41/t for January delivery. The shr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous