Seaborne iron ore prices retreated on Thursday after surging higher earlier in the week. The correction was modest amid continued buying, but the strong run of pricing that kicked off the year is now petering out.
The Kallanish KORE 62% Fe index pulled back $0.85/t to $130.32/dry metric tonne cfr Qingdao. The KORE 65% Fe index retreated $1.01/t to $157.71/dmt cfr, and the KORE 58% Fe index inched $0.05/t lower to $100.27/dmt cfr. 80,000 tonnes of Yandi Fines sold …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.