12
Jun
16:41
Seaborne iron ore plummets in macro uncertainty
Seaborne iron ore prices saw their biggest daily changes of the past ten days on Monday. Goldman Sachs' warning of weakness in China's property segment woke up the market.
The Kallanish KORE 62% and 65% Fe indices slumped by $5.54/tonne and $6.01/t respectively on Monday to $109.51/dry metric tonne cfr Qingdao and $120.56/dmt cfr. However, the KORE 58% Fe index lost $8.71/t to $100.08/dmt cfr. 90,000t of Mac fine were booked at $107/t and same vo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous