14
Jun
15:25
Iron ore slides but low grade ores win
Seaborne iron ore prices slipped slightly on Friday despite Chinese iron ore futures hitting a new record high. Low grade ores have also benefited from tighter steelmaking margins as port stocks continue to be depleted.
The Kallanish KORE 62% Fe index slipped $0.55/tonne to $107.68/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange September iron ore settled up CNY 21/t at CNY 787.5/t ($113.79/t), after reaching a new high of CNY 797.5/t. On the S…
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Anonymous
Very good overview of the weekly steel market.
Anonymous