19
Dec
14:25
Iron ore picks up, struggles with high supply
The seaborne iron ore market is struggling to rise amid high supply but weakening demand in China.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $0.13/t and $0.17/t respectively to $134.62/dry metric tonne cfr Qingdao and $146.19/dmt cfr. The KORE 58% Fe index, however, was $1.16/t lower at $122.66/dmt cfr.
80,000 tonnes of Mac fines were booked at $132.1/t with a laycan of 11-20 January 2024, and 90,000t of JMBF fines were booked at a floating…
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Anonymous
Very good overview of the weekly steel market.
Anonymous