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01 Dec
15:13

Iron ore starts December with gains

The seaborne iron ore market opened December trading with an extended rebound, even as the Chinese government sent regulatory signals to the market. The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained by $1.83/t and $1.82/t respectively to $133.53/dry metric tonne cfr Qingdao and $145.43/dmt cfr. The KORE 58% Fe index, meanwhile, was $1.24/t higher at $122.59/dmt cfr.  Two deals for 170,000t of PB fines were booked at floating prices with laycan…
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