05
Apr
22:55
Iron ore slips back as China holidays
As usually happens on Chinese national holidays, seaborne iron ore took a break from its latest bull run and prices actually fell back in a quiet market on Friday.
The Kallanish KORE 62% Fe index slipped by $0.49/tonne on Friday to $93.31/dry metric ton cfr Qingdao. The Dalian Commodity Exchange was closed for the Qingming holiday. On the Singapore Exchange May 62% Fe futures settled down $0.76/t at $90.80/t.
This was the first time that iron o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous