16
Jul
15:55
Iron ore gains despite weaker futures market
Seaborne iron ore prices rose slightly on Tuesday, but iron ore futures weakened with the volatile steel market.
The Kallanish KORE 62% Fe index and KORE 65% Fe index rose respectively by $0.48/t and $0.4/t to $109.66/dry metric tonne cfr Qingdao and $125.33/dmt cfr. The KORE 58% Fe index, meanwhile, was $0.47/t higher at $96.71/dmt cfr.
On public platforms, 170,000t of PB Fines were booked at $108.45/t with a laycan of 7-16 August. Meanwhile, 90,000t of Newman F…
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Anonymous
Very good overview of the weekly steel market.
Anonymous