03
Aug
15:55
Iron ore slumps, market risk aversion rises
Seaborne iron ore prices fell sharply on Wednesday on heightened risk aversion resulting from geopolitical tensions.
The Kallanish KORE 62% Fe index lost $5/t to $109.66/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was down $5.71/t to $121.05/dmt cfr, and the KORE 58% Fe index declined $2.44/t to $101.34/dmt cfr. 170,000t of 62% Fe content BRBF fine were sold at $111.2/dmt with a laycan of 1-10 September.
On the Dalian Commodi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous