23
May
17:01
Iron ore turns to decline
Seaborne iron ore prices turned to decline along with the downward trend in the Chinese steel futures market.
The Kallanish KORE 62% Fe index and KORE 65% Fe index gained $0.45/t but declined $0.46/t respectively to $119.88/dry metric tonne cfr Qingdao and $134.53/dmt cfr. The KORE 58% Fe index, meanwhile, was $0.68/t higher at $106.73/dmt cfr.
On the Dalian Commodity Exchange (DCE), the most-traded September 2024 iron ore contract increased by CNY 4.5/t ($0.62/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous