03
Dec
15:10
Iron ore drops amid increased inventories
Seaborne iron ore prices almost stabilised on Friday. Futures prices declined but demand supported spot prices.
The Kallanish KORE 62% Fe index decreased $0.38/t to $101.11/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index lost $0.05/t to $117.28/dmt cfr, but the KORE 58% Fe index appreciated $0.29/t to $74.24/dmt cfr.
On the Dalian Commodity Exchange, May iron ore settled down by CNY 19.5/t at CNY 606/t ($95.14/t), while…
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Anonymous
Very good overview of the weekly steel market.
Anonymous