16
May
15:37
Iron ore stabilises on buying activity
Seaborne iron ore prices stabilised on Monday, again avoiding getting too close to the $50/tonne mark as buyers returned. China’s economic data over the weekend did nothing to encourage the market, however, with lending and industrial production weaker than expected.
The Kallanish index for 62% Fe Australian fines gained $0.11/t to $52.21/dry metric tonne cfr Qingdao. Two 170,000t cargos of PB fines traded on GlobalOre for June delivery, one at $…
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Anonymous
Very good overview of the weekly steel market.
Anonymous