31
Dec
14:35
Seaborne iron ore prices end 2021 with uptick
Seaborne iron ore prices gained on the last day of 2021. Inventories are building, however, and the outlook for 2022 is weaker.
The Kallanish KORE 62% Fe index gained $1.87/t on 31 December to $119.01/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index increased $2.07/t to $139.81/dmt cfr, but the KORE 58% Fe index only inched $0.29/t higher to $92.83/dmt cfr. A cargo of 120,000 tonnes of PB Fines and 50,000t of PB Lump sold at a floating price.
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Anonymous
Very good overview of the weekly steel market.
Anonymous