15
May
15:36
Interest rate cut supports iron ore prices
Seaborne iron ore prices were boosted by the futures market on Monday. Chinese banks' interest rate cuts have sent positive signals to the market.
The Kallanish KORE 62% and 65% Fe indices rose $1.62/tonne and $1.7/t respectively on Monday to $104.35/dry metric tonne cfr Qingdao and $117.74/dmt cfr. Meanwhile, the KORE 58% Fe index reached $0.23/t higher at $93.54/dmt cfr.
On the Dalian Commodity Exchange (DCE), September iron or…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous