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31 May

Iron ore watches Shanghai with cautious optimism

Seaborne iron ore prices were holding on Tuesday as markets assess the success of Shanghai’s post-lockdown reopening. Real progress has been made this week, but the restart of local businesses from Wednesday, and sustained operations over the coming days, will be the first real test of plans for a June recovery. The Kallanish KORE 62% Fe index slipped $0.28/t to $136.04/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index fell $0.33/t to $159.66/dmt…
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