23
Oct
17:34
Iron ore holds despite weak futures
The seaborne iron ore market struggled for stability on Monday, with Chinese iron ore futures slumping on panicked financial markets.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $0.23/t and $0.47/t to $115.42/dry metric tonne cfr Qingdao and $124.57/dmt cfr respectively. The KORE 58% Fe index meanwhile declined by $0.19/t to $105.42/dmt cfr.
90,000t of Newman fines were booked at $114.95/t with a laycan of 10-20 November, and 170,000t of P…
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Anonymous
Very good overview of the weekly steel market.
Anonymous