18
Mar
14:59
Iron ore gains on Vale closure
Seaborne iron ore prices jumped on Monday following expectations of tighter supply. Yet again it is another administrative measure against Vale that could take a chunk of supply out of the market.
The Kallanish KORE 62% Fe index gained $0.31/t to $87.01/dry metric tonne cfr Qingdao. On globalORE 100,000t of PF fines sold at a floating price. On the Dalian Commodity Exchange May iron ore settled up CNY 12/t at CNY 634.5/t ($94.48/t), the highest level s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous