20
Feb
14:32
Iron ore gains on strong outlook
Seaborne iron ore prices surged with the positive outlook for Chinese commodity markets.
The Kallanish KORE 62% Fe index gained $1.04/t on Monday to $125.5/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was also $1.07/t higher at $140.57/dmt cfr, and the KORE 58% Fe index hiked $0.37/t to $111/d.6mt cfr.
On the Dalian Commodity Exchange, May iron ore settled up CNY 3.5/t ($0.51/t) at CNY 888.5/t, while on the Singapore…
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Anonymous
Very good overview of the weekly steel market.
Anonymous