18
Aug
01:00
Iron ore gains as shipments slow
Seaborne iron ore prices gained on Tuesday as shipment rates from Australia and Brazil showed signs of decline. With slower shipments adding to restricted shipments through Tianjin, iron ore could fight off its coming decline a little longer.
The Kallanish index for 62% Fe Australian fines rose by $0.77 to reach $55.10/dry metric ton cfr Qingdao. Two index-linked trades were closed on GlobalOre for September delivery. 170,000 tonnes of PB fines sold at a $3/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous