10
Apr
16:47
Iron ore falls back despite Australia cyclones
Seaborne iron ore prices fell slightly on Wednesday. Cyclones are approaching Australia again but the impact is expected to be limited.
The Kallanish KORE 62% Fe index and KORE 65% Fe index each declined by $0.49/t to $107.53/dry metric tonne cfr Qingdao and $119.62/dmt cfr. The KORE 58% Fe index was $1.26/t lower at $97.82/dmt cfr.
On the Dalian Commodity Exchange (DCE), the most-traded September 2024 iron ore contract gained by CNY 13.5/t ($1.86/t) to CNY 815.5…
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Anonymous
Very good overview of the weekly steel market.
Anonymous