28
Aug
15:23
Iron ore slumps amid unexpected financial markets decline
The seaborne iron ore market opened with losses on Monday, with an unexpected drop in Chinese financial markets weighing on sentiment.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $3.24/tonne and $3.28/t respectively on Monday to $112.15/dry metric tonne cfr Qingdao and $124.34/dmt cfr. Meanwhile, the KORE 58% Fe index lost $2.76/t to $97.55/dmt cfr. 100,000 tonnes of JMBF fines were booked at a floating price with a laycan of 26 Sept…
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Anonymous
Very good overview of the weekly steel market.
Anonymous