21
Jun
16:01
Iron ore falls despite China's LPR cut
Seaborne iron ore prices fell on the last trading day before the Dragon Boat Festival holiday, while liquidity in the steel market slowed amid high supply and weak demand.
The Kallanish KORE 62% and 65% Fe indices declined by $0.52/tonne and $0.49/t respectively on Wednesday to $113.79/dry metric tonne cfr Qingdao and $125.42/dmt cfr. Meanwhile, the KORE 58% Fe index lost $0.15/t to $103.47/dmt cfr.
On the Dalian Commodity Exchange (DCE), September …
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Anonymous
Very good overview of the weekly steel market.
Anonymous