17
Nov
10:31
Iron ore prices slide despite steady inventory
Seaborne iron ore prices continued to slide on Tuesday. Chinese port stock trends over the last week should have supported iron ore but fundamentals are slowly winning the war over short term supports.
The Kallanish index for 62% Fe Australian fines dipped again by $0.85 to $46.72/dry metric ton cfr Qingdao. A tender for 170,000 tonnes of Jimblebar fines closed at $43.89/t with a laycan in 1-10 December. A 170,000t cargo of Standard Sinter Feed Guiaba traded on …
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Anonymous
Very good overview of the weekly steel market.
Anonymous