24
Jul
16:42
Iron ore drops despite policy stimulus
Seaborne iron ore prices fell on Monday, even as the Political Bureau of the Central Committee meeting sent positive signals to the market.
The Kallanish KORE 62% and 65% Fe indices declined by $0.51/tonne respectively on Monday to $113.37/dry metric tonne cfr Qingdao and $127.1/dmt cfr. Meanwhile, the KORE 58% Fe index lost $0.12/t to $104.76/dmt cfr.
170,000t of PB fines were booked at $113.05/t with a laycan of 3-12 September, and 90,000t of Mac fines wer…
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Anonymous
Very good overview of the weekly steel market.
Anonymous