10
Nov
15:19
Iron ore holds, Goldman sees supply shortfall
The seaborne iron ore market has shown a continuous growth trend in the past two weeks and reached a new high in nearly seven months last Friday.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index increased on Friday by $0.25/t and $0.38/t respectively to $128.55/dry metric tonne cfr Qingdao and $138.15/dmt cfr. The KORE 58% Fe index meanwhile rose $0.52/t to $116.89/dmt cfr.
On the Dalian Commodity Exchange (DCE), January 2024 iron ore rose by CNY 13/t ($…
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Anonymous
Very good overview of the weekly steel market.
Anonymous