27
Dec
14:21
Iron ore rebounds as Minmetals buys lump
Seaborne iron ore prices rebounded on Thursday after drifting over the week amid quiet trading. China’s Minmetals meanwhile announced it had signed a $145 million deal with Rio Tinto.
The Kallanish KORE 62% Fe index recovered $0.22/tonne to $70.24/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange May 2019 iron ore settled at CNY 491.5/t ($71.48/t), up CNY 1/t, while on the Singapore Exchange, January 62% Fe futures settled up $1.03/t a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous