26
May
15:13
Iron ore returns beyond $100
Seaborne iron ore prices were spurred on Friday by sudden rumours that the Chinese government will issue "special bonds" to save the economy.
The Kallanish KORE 62% and 65% Fe indices rebounded by $6.89/tonne and $6.8/t respectively on Friday to $101.64/dry metric tonne cfr Qingdao and $115.12/dmt cfr. Meanwhile, the KORE 58% Fe index reached $9.5/t higher to $99.64/dmt cfr.
Two deals of 170,000 tonnes PB fines were sold at $99.1/t and $101.35…
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Anonymous
Very good overview of the weekly steel market.
Anonymous