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27 Jun

Stimulus hopes trigger iron ore rebound

Seaborne iron ore prices have jumped higher on speculative futures trading. Comments from the People’s Bank of China (PBoC) have encouraged expectations of major central government stimulus. The Kallanish KORE 62% Fe index jumped $8.64/t to $125.91/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index gained $8.45/t to $143.67/dmt cfr, and the KORE 58% Fe index increased $3.18/t to $117.66/dmt cfr. 85,000 tonnes of Brazilian Blend sold at $123.60/t w…
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