14
Apr
15:22
Seaborne iron ore stumbles after rapid rise
Seaborne iron ore prices pulled back after their recent surge, preventing another return over $60/tonne. Buyers are now keeping a close eye on the expected turn in the Chinese steel market, which could occur just as cargos booked now arrive.
The Kallanish index for 62% Fe Australian fines slipped back by $1.95 to $57.89/dry metric ton cfr Qingdao. 90,000 tonnes in the MNP basket traded on globalORE at $57.75/t for May delivery, down only slightly from the $58/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous