05
Dec
23:40
Iron ore jumps as shares get connected
Seaborne iron ore prices increased again on Monday thanks to continued gains in Chinese steel futures. The start of trading of Shenzhen shares from Hong Kong was also bullish for commodity prices, thanks to the increased flow of capital into Chinese companies, including steelmakers.
The Kallanish index for 62% Fe Australian fines increased $3.41/t to $78.26/dry metric tonne cfr Qingdao. Carajas fines traded at $93.3/t on globalORE, more than $15/t higher than PB…
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Anonymous
Very good overview of the weekly steel market.
Anonymous