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12 Oct

Unofficial China-Australia trade restrictions spare raw materials

International seaborne iron ore and coking coal prices have both fallen, while Chinese domestic futures prices increased. For coking coal, the contrast has been driven by unofficial restrictions on imports of Australian coal. The Kallanish KORE 62% Fe index slipped $0.46/t to $123.61/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index fell $0.50/t to $135.01/dmt cfr, and the KORE 58% Fe index gained $0.20/t to $111.88/dmt cfr. On the Dalian Commodity Eā€¦
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