12
Jan
00:12
Iron ore slips despite restock
Seaborne iron ore prices have continued sliding despite some buying for delivery ahead of the Chinese New Year in February. High port stocks and mill restocking suggests demand for spot cargos may have already peaked for at least the first half of the year.
The Kallanish index for 62% Fe Australian fines dropped $0.27/t to $37.59/dry metric tonne cfr Qingdao on Monday. A 170,000t cargo of PB fines sold in a tender at $40.86/t cfr with a laycan in 23 January-1 Fe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous