10
Oct
15:13
Iron ore bounces as FMG strategises
Seaborne iron ore prices increased on Thursday as they continued to bunce around a narrow range. FMG remains positive on Chinese demand meanwhile, and sees its approach to Simandou as a strategic move.
The Kallanish KORE 62% Fe index gained $0.67/tonne to $93.32/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange January 2020 iron ore settled at CNY 646/t ($90.50/t), CNY 4.5/t lower, while on the Singapore Exchange November 62% Fe futures…
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Anonymous
Very good overview of the weekly steel market.
Anonymous