23
Oct
16:32
Iron ore slides despite BNP Paribas optimism
Seaborne iron ore prices moved little on Monday despite sharper falls in steel futures prices. BNP Paribas is betting that iron ore will increase strongly by January, but they remain in the minority.
The Kallanish index for 62% Fe Australian fines slipped $0.44/t to $62.03/dry metric tonne cfr Qingdao. 170,000t of PB fines sold in tender at $61.52/t with a laycan in 6-15 November. On the Dalian Commodity Exchange January 2018 rebar settled up CNY 6/t a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous