02
May
16:04
Iron ore gains as Dalian opens to foreigners
Seaborne iron ore prices jumped on Wednesday driven by higher steel prices. The Dalian Commodity Exchange (DCE) meanwhile is preparing for the first overseas traders to join its iron ore futures market on 4 May.
The Kallanish index for 62% Fe Australian fines gained $0.95/tonne to $66.49/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold in tender at $65.38/t with a laycan in 16-25 May. On DCE September iron ore settled up CNY 5/t at CNY 468.5/t ($…
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Anonymous
Very good overview of the weekly steel market.
Anonymous