12
Apr
00:27
Iron ore spikes despite 100m t stocks
Seaborne iron ore prices spiked again on Monday after another jump in steel prices helped stimulate more buying. Chinese economic data also gave some hope with producer inflation narrowing its decline, but growing iron ore inventories mean iron ore may continue to underperform steel.
The Kallanish index for 62% Fe Australian fines gained $2.01/t to $54.79/dry metric tonne cfr Qingdao. 110,000t traded on GlobalOre in the MNP basket at $56.75/t cfr for May deliver…
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Anonymous
Very good overview of the weekly steel market.
Anonymous