09
Aug
15:53
Iron ore holds due to holiday
Seaborne iron ore prices continued their downward trend last week, driven by ongoing maintenance at Chinese steel mills. Trading activity slowed to a standstill by last Friday due to a holiday in Singapore.
The Kallanish KORE 62% Fe index and KORE 65% Fe index gained $0.42/t and $0.41/t to $100.91/dry metric tonne cfr Qingdao and $115.89/dmt cfr, respectively. The KORE 58% Fe index, meanwhile, was $0.59/t higher at $87.9/dmt cfr.
On the Dalian Commodity Exchange …
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Anonymous
Very good overview of the weekly steel market.
Anonymous