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20 Nov
15:00

Iron ore gains as MinRes adds resources

Seaborne iron ore prices ticked higher again on Wednesday. Spot buying picked up on a floating price basis and iron ore remains supported by strengthening steel sentiment. The Kallanish KORE 62% Fe index gained another $0.21/tonne to $85.75/dry metric ton cfr Qingdao. On COREX, three cargos of PB fines, two of 170,000 tonnes and one of 100,000t, alongside 70,000t of PB Lump, sold at floating prices. On the Dalian Commodity Exchange January 2020 iron ore …
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