14
Jul
16:32
Iron ore drops on risk of stalled loan payments
Seaborne iron ore prices saw deeper losses on Thursday as Chinese apartment buyers collectively opted to stop mortgage repayments sparking concerns about risks to the financial system.
The Kallanish KORE 62% Fe index lost $3.66/t to $107.68/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $4.12/t lower at $120.53/dmt cfr, and the KORE 58% Fe index declined $0.65/t to $100.30/dmt cfr.
On the Dalian Commodity Exch…
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Anonymous
Very good overview of the weekly steel market.
Anonymous