17
May
15:44
Iron ore gains on lower housing loan rates
Seaborne iron ore prices remained firm on Friday as China's property market stimulus policies brought back market confidence.
The Kallanish KORE 62% Fe index and KORE 65% Fe index gained $1.22/t and $1.62/t respectively to $118.53/dry metric tonne cfr Qingdao and $133.78/dmt cfr. The KORE 58% Fe index was $1.22/t higher at $105.62/dmt cfr.
Sources report that 170,000 tonnes of PB Fines were booked at $118.8/t with a laycan of 26 June to 5 July, and 80,000t of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous