11
Jun
01:00
Iron ore prices uptick as Vale touts China output cut
Seaborne iron ore prices gained a little again on Thursday as the rally of the previous two days lost steam. Meanwhile, Vale tried to make waves late on Wednesday saying China’s quality ore output was continuing to fall.
The Kallanish index for 62% Fe Australian fines jumped another $0.44/tonne to $64.25/dry metric tonne cfr Qingdao. No trades were confirmed on globalORE but futures continued their recovery on the back of hopes for a Chinese economic r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous