11
Feb
16:33
First-quarter shipment drop supports iron ore prices
Seaborne iron ore prices have entered a sideways drift for the Chinese New Year holiday. Expectations of lower shipments in the first quarter however are fuelling expectations for further price increases in the coming weeks.
The Kallanish KORE 62% Fe index slipped $0.08/t to $161.76/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index dipped $0.06/t to $185.92/dmt cfr, and the KORE 58% Fe index gained $0.16/t to $146.49/dmt cfr.
The Dalian Commodity Exc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous