06
Feb
14:13
Iron ore stabilises while Vale trades in CNY
Seaborne iron ore prices stabilised on Thursday as markets stood back after a volatile start to the week. Baosteel and Vale, meanwhile, note they have concluded their first CNY iron ore deal.
The Kallanish KORE 62% Fe index gained $0.33/t to $80.66/dry metric tonne cfr Qingdao. 70,000t of PB Lump sold on Corex at a floating price. On the Dalian Commodity Exchange May iron ore settled unchanged at CNY 584.5/t ($83.49/t). Unlike Wednesday when prices moved lower pas…
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Anonymous
Very good overview of the weekly steel market.
Anonymous