27
Oct
00:38
Iron ore fluctuates around $50/t
Seaborne iron ore prices slipped below $50/tonne on Monday despite China’s interest rate cuts at the end of last week. Dalian Commodities Exchange meanwhile cut the contract volume of its iron ore contracts to better reflect small-scale spot trading.
The Kallanish index for 62% Fe Australian fines dipped $0.31/t to $49.78/dry metric tonne cfr Qingdao. There were again no confirmed deals on GlobalOre but futures prices dipped after an early recovery as Chin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous