05
Jul
15:52
Iron ore drops amid high temperatures
Seaborne iron ore prices snapped a winning streak for the week and returned to a marked decline on Wednesday. The hot weather in many provinces of China has hindered outdoor work.
The Kallanish KORE 62% and 65% Fe indices declined by $1.2/tonne but rose by $1.17/t respectively on Wednesday to $110.07/dry metric tonne cfr Qingdao and $124.94/dmt cfr. Meanwhile, the KORE 58% Fe index lost $1.93/t to $97.84/dmt cfr.
On the Dalian Commodity Exchange (DCE), …
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Anonymous
Very good overview of the weekly steel market.
Anonymous