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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