06
Jul
16:05
Iron ore slumps as bank expects sub-$50/tonne prices
Seaborne iron ore prices slumped on Thursday as confidence on China’s steel markets ebbed again. Macquarie meanwhile has reiterated its pessimistic forecast, saying iron ore should dip under $50/tonne in the coming months.
The Kallanish index for 62% Fe Australian fines dipped $0.60/tonne to $62.38/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold in tender at $61.77/t with a laycan in 27 July to 5 August. On the Dalian Commodity Exchange Se…
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Anonymous
Very good overview of the weekly steel market.
Anonymous