06
Mar
15:34
Iron ore slides, Hunan cashes in on FMG
Seaborne iron ore prices slipped further on Wednesday as a short spurt of buying died fast. Hunan Valin has meanwhile cashed in on high prices, selling down its stake in FMG.
The Kallanish KORE 62% Fe index slipped $0.97/tonne to $86.59/dry metric ton cfr Qingdao. On COREX, 170,000 tonnes of Carajas Fines sold at $98.30/t with a laycan in 14-23 March. On the Dalian Commodity Exchange May iron ore settled at CNY 619/t ($92.35/t), up CNY 1.5/t, while on …
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Anonymous
Very good overview of the weekly steel market.
Anonymous