05
Nov
14:43
Iron ore boosted by output hopes
Seaborne iron ore prices received a bump on Monday as expectations of high steel output in the coming months increase. FMG meanwhile saw Andrew Forrest up his stake.
The Kallanish KORE 62% Fe index gained $1.36/t to $74.97/dry metric tonne cfr Qingdao. 170,000t of Brazilian Blend sold on COREX at $79.30/t with a laycan in 10-19 December. On the Dalian Commodity Exchange January 2019 iron ore settled down CNY 0.5/t at CNY 510.5/t ($74.02/t), while on the Singapor…
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Anonymous
Very good overview of the weekly steel market.
Anonymous