20
May
17:37
Seaborne iron ore prices recovered a little on Friday. A cut to Chinese interest rates and easing real estate policies are slowly boosting sentiment, although real steel demand has yet to improve significantly.
The Kallanish KORE 62% Fe index increased $1.45/t to $131.23/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index gained $1.52/t to $155.20/dmt cfr, and the KORE 58% Fe index inched $0.28/t higher to $118.37/dmt cfr.
On the Dalian Commodity …
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