28
Jan
15:27
Iron ore surges on Vale speculation
Seaborne iron ore prices jumped on Monday. Although this was supported by optimism for the market after the Chinese New Year holidays, it was Vale’s latest disaster that caused the sudden increase.
The Kallanish KORE 62% Fe index jumped $2.10/t to $76.95/dry metric tonne cfr Qingdao, the highest level since early March 2018. On the Dalian Commodity Exchange May iron ore settled up CNY 18/t at CNY 553.5/t ($81.85/t). Daily trading volumes doubled …
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Anonymous
Very good overview of the weekly steel market.
Anonymous