15
Jan
14:35
Iron ore slips despite port closure
Seaborne iron ore prices slipped on Monday as inventory at ports has continued to increase. Port Hedland was shut down for slightly longer than expected in the face of Cyclone Joyce but this had little impact on pricing, Kallanish notes.
The Kallanish index for 62% Fe Australian fines dipped $1.14/t to $76.53/dry metric tonne cfr Qingdao. 170,000t of PB fines sold at $75.66/t with a laycan in 5-14 February. On the Dalian Commodity Exchange May iron ore…
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Anonymous
Very good overview of the weekly steel market.
Anonymous