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01 Jun

Iron ore gains on positive June outlook

Seaborne iron ore prices rallied on the first trading day of the month amid positive expectations for the market in June. The Kallanish KORE 62% and 65% Fe indices increased by $2.8/tonne and $0.76/t respectively on Thursday to $105.42/dry metric tonne cfr Qingdao and $116.27/dmt cfr. Meanwhile, the KORE 58% Fe index rose by $5.83/t to $96.75/dmt cfr. 170,000 tonnes of PB fines and the same volume of BRBF fines were booked at $105.3/t and $106…
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