07
Nov
15:22
Iron ore retreats as China tightens import controls
The seaborne iron ore market retreated on Tuesday as sentiment was subdued. China's attempts to tighten controls on iron ore imports worried participants.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index fell back on Tuesday by $1.81/t and $1.92/t respectively to $126.42/dry metric tonne cfr Qingdao and $135.44/dmt cfr. The KORE 58% Fe index meanwhile dropped $4.22/t to $114.15/dmt cfr.
90,000 tonnes of Newman fines were sold at $126/t with a laycan …
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Anonymous
Very good overview of the weekly steel market.
Anonymous