21
Jul
17:43
Iron ore futures rise as physical trading becalms
Iron ore futures rose again on Thursday although physical trading in the product continued to be slow. Some reports link the rise to the spike in Chinese steel prices, also witnessed yesterday (see seperate article).
The Kallanish Index for 62% Fe Australian fines rose by just over $2 to reach $57.56/dry metric ton cfr Qingdao. There were once again no trades on the globalORE electronic platform and little evidence of spot trading activity elsewhere. Iron ore fu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous