21
Mar
14:27
Iron ore fluctuates on closures and cyclones
Seaborne iron ore prices did not know which way to turn on Thursday. While Vale announced another mine closure, the market is still adjusting to the possible restart of Brucutu and must now factor in the cyclones heading for the Australian coast.
The Kallanish KORE 62% Fe index gained $0.04/tonne to $85.16/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange May iron ore settled down CNY 1/t at CNY 612.5/t ($91.34/t), while on the Singapore Exchange…
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Anonymous
Very good overview of the weekly steel market.
Anonymous