01
Aug
16:05
Iron ore falls on higher shipments
Seaborne iron ore prices fell on the first day of August, and the main futures contract was switched to September.
The Kallanish KORE 62% Fe index lost $2.07/t to $114.67/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was down $1.91/t to $126.92/dmt cfr, and the KORE 58% Fe index declined $5.73/t to $103.91/dmt cfr. 170,000 tonnes of PB fines sold at $112.9/dmt with a laycan in 1-10 September.
On the Dalian Commodity Exchange, S…
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Anonymous
Very good overview of the weekly steel market.
Anonymous