20
Feb
14:50
Iron ore indices slip but discounts shrink
Seaborne 62% Fe iron ore prices slipped on Wednesday but recovering lower grade prices have reduced the FMG discounts. Coking coal meanwhile has been firm this week, extending the gains so far this year.
The Kallanish KORE 62% Fe index slipped $0.12/tonne to $87.46/dry metric ton cfr Qingdao. On COREX, 80,000 tonnes of Yandi fines sold at a floating price. On the Dalian Commodity Exchange May iron ore settled at CNY 621.5/t ($91.77/t), down CNY 10.5/t,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous