16
Aug
16:58
Iron ore loses amid interest rate cut
Seaborne iron ore prices extended losses on Tuesday as spot market demand weakened under the influence of power cuts.
The Kallanish KORE 62% Fe index lost $2.9/tonne to $106.57/dry metric tonne cfr Qingdao on Tuesday. The Kallanish KORE 65% Fe index was $2.92/t lower to $118.94/dmt cfr, and the KORE 58% Fe index was down $3.28/t to $98.1/dmt cfr. 90,000 tonnes of Mac fines were sold at $98/dmt with a laycan of 11-20 September.
On the Dalian Co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous