29
Apr
16:55
Iron ore falls on fading pre-holiday demand
Seaborne iron ore prices fell on Monday as buyers' activity weakened with the Chinese market approaching the Labour Day holiday.
The Kallanish KORE 62% Fe index and KORE 65% Fe index declined by $0.86/t and $0.89/t respectively to $115.83/dry metric tonne cfr Qingdao and $128.36/dmt cfr. The KORE 58% Fe index was $0.7/t lower at $104.51/dmt cfr. Sources report that 90,000 tonnes of Mac Fines were booked at $113.5/t with a laycan of 26 May and 4 June.
On the D…
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Anonymous
Very good overview of the weekly steel market.
Anonymous