20
Nov
15:08
Iron ore slides but discounts ease
Seaborne iron ore prices slipped on Tuesday, driven by the extended slump in Chinese steel markets. The weaker market has allowed FMG to narrow its discount to 62% Fe indices, however.
The Kallanish KORE 62% Fe index dropped $1.14/t to $74.35/dry metric tonne cfr Qingdao. On the Dalian Commodity Exchange January 2019 iron ore settled down CNY 2.5/t at CNY 520/t ($74.94/t), while on the Singapore Exchange December 62% Fe futures settled down $1.90/t at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous