12
Nov
13:52
Iron ore rebounds on Vale guidance
Seaborne iron ore prices were driven higher by a surge in futures which also spread to steel. The drive was sparked by Vale announcing it was lowering its shipment guidance for the year.
The Kallanish KORE 62% Fe index gained $1.65/tonne at $81.40/dry metric ton cfr Qingdao. 80,000 tonnes of Carajas fines sold at $92.3/t after shipment on 7 November. On the Dalian Commodity Exchange January 2020 iron ore settled at CNY 601/t ($85.73/t), up CNY 8.5/t, w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous