04
Aug
12:55
Iron ore dips as Vale hopes to cash in
Seaborne iron ore prices dipped a little again on Thursday as there was little spot buying to sustain higher prices. Vale’s recent announcement that it wants to sell more large volumes forward suggests miners are still hoping to cash in on stronger Chinese demand.
The Kallanish index for 62% Fe Australian fines slipped by $0.93 to $58.25/dry metric ton cfr Qingdao. There were no deals on the major exchanges but futures prices trended steadily downwards.
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Anonymous
Very good overview of the weekly steel market.
Anonymous