21
Oct
15:00
Iron ore rebounds with declining inventories
Seaborne iron ore prices ended a week of losses and rebounded on Friday, led by a decline in port inventories.
The Kallanish KORE 62% Fe index rose $0.39/t on Friday to $91.77/dry metric tonne cfr Qingdao, while the Kallanish KORE 65% Fe index was $0.37/t higher on Friday at $104.3/dmt cfr, and the KORE 58% Fe index gained $0.19/t to $83.13/dmt cfr.
On the Dalian Commodity Exchange, January iron ore settled up CNY 2.5/t ($0…
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Anonymous
Very good overview of the weekly steel market.
Anonymous