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06 Jan

Iron ore price hike attracts regulators' attention

Seaborne iron ore prices have risen on property stimulus, but a recent strong iron ore market has drawn government attention. The Kallanish KORE 62% Fe index gained $1.06/t on Friday to $117.66/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $1.08/t higher at $131.56/dmt cfr, and the KORE 58% Fe index rose $0.18/t to $103.4/dmt cfr. On the Dalian Commodity Exchange, May iron ore settled up CNY 4.5/t ($0.65/t) at CNY 844/…
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