24
Sep
19:06
Seaborne iron ore prices join China on holiday
When China goes on holiday, so does the seaborne iron ore market. The mid-autumn holiday therefore would always have had a quietening effect on iron ore trading, although this year the market needed no help to slow down. It has been majorly moribund for nearly two weeks now.
The Kallanish KORE 62% Fe index for Australian lost just $0.02/tonne to $68.99/dry metric ton cfr Qingdao. The dip below $69 dollars has therefore given journalists a crossed …
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Anonymous
Very good overview of the weekly steel market.
Anonymous