27
Nov
11:05
Iron ore slumps as Roy Hill prepares cargo
Seaborne iron ore prices slumped on Friday with both physical and futures prices down. Roy Hill meanwhile has begun stockpiling ore at Port Hedland and is awaiting a ship to load its first cargo, Kallanish notes.
The Kallanish index for 62% Fe Australian fines fell to a new record low of $41.83/dry metric ton cfr Qingdao. Rio Tinto sold 170,000t of PB fines in a tender at $43.52/t with a 10-19 December laycan. 80,000t of Yandi fines also traded on GlobalOre at $…
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Anonymous
Very good overview of the weekly steel market.
Anonymous