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06 Aug
06:04

Iron ore ends week up, Brazilian volumes weak

Seaborne iron ore prices gained sharply on Friday with a slight pick-up in trading. Brazilian export volumes slumped in July, while Chinese port stocks have stopped increasing, spurring hopes of firmer prices. The Kallanish index for 62% Fe Australian fines jumped $1.51/t to $59.76/dry metric ton cfr Qingdao. 110,000 tonnes of Carajas fines traded on globalORE at $69/tonne for September delivery. 190,000t of PB fines sold in a tender at $60.05/t with a laycan in…
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