28
Oct
23:53
Iron ore dips as Aussie dollar slides
Seaborne iron ore prices fell again on Wednesday but remained close to the $50/tonne mark. The Australian dollar fell sharply on Wednesday after weak inflation data, adding another weak element to an already pressured market.
The Kallanish index for 62% Fe Australian fines dropped $0.57/t to $49.68/dry metric tonne cfr Qingdao. There were no confirmed deals on GlobalOre but futures prices marked the downward move in sentiment.
The Aussie dollar slumped by as …
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Anonymous
Very good overview of the weekly steel market.
Anonymous