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16 May

Iron ore surges on rumours

Seaborne iron ore prices surged on Thursday amid multiple rumours spreading in the Chinese market. The Kallanish KORE 62% Fe index and KORE 65% Fe index gained $2.61/t and $2.1/t respectively to $117.31/dry metric tonne cfr Qingdao and $132.16/dmt cfr. The KORE 58% Fe index was $2.45/t higher at $104.4/dmt cfr. Sources report that 90,000 tonnes of JMBF Fines and 170,000t of PB Fines were each booked at a floating price with a laycan of 17-26 June, and 28 June-7 Jā€¦
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