03
Jun
15:39
Iron ore starts June trading with slump
Seaborne iron ore prices opened June trading with a sharp drop as weak market sentiment triggered investor selling.
The Kallanish KORE 62% Fe index and KORE 65% Fe index each slumped by $6.22/t and $5.5/t to $109.89/dry metric tonne cfr Qingdao and $124.9/dmt cfr, respectively. The KORE 58% Fe index, however, was $0.13/t higher at $104.14/dmt cfr. 170,000t of Carajas Fines were sold at $125.5/t with a laycan of 27 May and 5 June.
On the Dalian Commodity Exchange …
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Anonymous
Very good overview of the weekly steel market.
Anonymous