05
Jun
15:58
Iron ore gains under Benxi accident’s shadow
Seaborne iron ore prices were up a little again on Tuesday on continued buying. A major accident at a Chinese mine on Tuesday afternoon also brought an increased risk of supply disruption.
The Kallanish index for 62% Fe Australian fines gained $0.64/tonne to $64.27/dry metric ton cfr Qingdao. 100,000 tonnes of PB fines sold at $63.01/t with a laycan in 20-29 June, followed by another 170,000t at $63.26/t with a laycan in 24 June-3 July. On globalORE, 170,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous