15
Nov
14:52
Iron ore gains despite restricted futures trading
The seaborne iron ore market continued to be strong on Wednesday, but restrictions from the Dalian Commodity Exchange may briefly cool down market sentiment.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index both gained on Tuesday by $1.33/t and $1.58/t respectively to $130.24/dry metric tonne cfr Qingdao and $140.22/dmt cfr. The KORE 58% Fe index meanwhile was unchanged at $117.49/dmt cfr.
90,000t of Mac fines were sold at $127.9/t with a laycan of 1-10 …
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Anonymous
Very good overview of the weekly steel market.
Anonymous