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30 Jun
15:58

Iron ore declines during Political Bureau meeting

Seaborne iron ore prices recorded their biggest drops of the week last Friday, the day the Political Bureau of the CPC Central Committee held a meeting in Beijing. The Kallanish KORE 62% and 65% Fe indices declined by $2.07/tonne and $1.94/t respectively on Friday to $112.22/dry metric tonne cfr Qingdao and $124.17/dmt cfr. Meanwhile, the KORE 58% Fe index slumped $3.41/t to $100.7/dmt cfr. 80,000 tonnes of Newman fines and 90,000t of Mac fines were…
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