28
Nov
16:00
Iron ore turns down on inventory pressure
The seaborne iron ore market fell on Tuesday, with policy intervention still affecting market confidence.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $1.64/t and $1.63/t respectively to $131.35/dry metric tonne cfr Qingdao and $143.07/dmt cfr. The KORE 58% Fe index, meanwhile, was $4.02/t lower at $119.65/dmt cfr. 90,000 tonnes of Mac fines were sold at a floating price with a laycan of 1-10 December.
On the Dalian Commodity Exchange (DC…
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Anonymous
Very good overview of the weekly steel market.
Anonymous