04
Feb
07:09
Iron ore rebounds while Goldman turns bullish
Seaborne iron ore prices rebounded on Friday as China’s steel market again looked more positive. Goldman Sachs latest bullish turn included a forecast recovery in iron ore to $85/tonne, a level which would require a far stronger steel market.
The Kallanish index for 62% Fe Australian fines rebounded $1.07/tonne to $73.15/dry metric ton cfr Qingdao. 130,000t of Carajas fines traded on COREX at $89.80/t with a loading date of 22 January. On the Dalian C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous