26
Sep
18:52
Iron ore rebounds as Rio moves to portside
Seaborne iron ore prices rebounded slightly on Thursday on the back of higher futures trading. Spot markets remained quiet but Rio Tinto confirmed that it is moving into the port stock market this weekend.
The Kallanish KORE 62% Fe index recovered $0.63/t to $90.78/dry metric tonne cfr Qingdao. On the Dalian Commodity Exchange January 2020 iron ore settled up CNY 9/t at CNY 632.5/t ($88.79/t), while on the Singapore Exchange October 62% Fe futures settled up $1.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous