03
Dec
14:00
Iron ore holds under $40/t
Seaborne iron ore prices confirmed their low levels on Thursday with the Kallanish index under $40/tonne. Building port stocks are a symptom of the price decline but ports like Qingdao are unloading at record rates.
The Kallanish index for 62% Fe Australian fines confirmed its position under $40/t on Thursday, gaining $0.59/t to $39.07/dry metric ton cfr Qingdao. 170,000t of PB fines sold in a tender at $40.16/t cfr with a laycan in 17-26 December. Another 190,0…
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Anonymous
Very good overview of the weekly steel market.
Anonymous