22
Dec
15:45
Iron ore approaches $140
Seaborne iron ore prices hit their highest level last Friday since mid-2022.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained by $1.96/t and $1.99/t respectively to $139.26/dry metric tonne cfr Qingdao and $150.6/dmt cfr. The KORE 58% Fe index, meanwhile, was $2.18/t higher at $130.21/dmt cfr. 170,000 tonnes of PB Fines were sold at $139.95/t with a laycan of 27 January to 5 February.
On the Dalian Commodity Exchange (DCE), the most-traded May 202…
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Anonymous
Very good overview of the weekly steel market.
Anonymous