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20 Dec
14:09

Iron ore price jumps as Tangshan stops sintering

Seaborne iron ore prices gained on Thursday as Tangshan announced new restrictions on sintering. FMG meanwhile has reduced its discounts for January. The Kallanish KORE 62% Fe index jumped $1.62/tonne to $70.83/dry metric ton cfr Qingdao, the highest level since 23 November. A tender for 170,000 tonnes of PB fines closed at $70.93/t with a laycan in 1-12 January. On COREX meanwhile,one 170,000-t and one 70,000-t cargo of PB fines sold at floating …
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