26
Jan
13:53
Iron ore trades up within range
Seaborne iron ore prices gained a little again on Tuesday, demonstrating their resilience to falling below $40/tonne. With the Chinese steel market closing down for the New Year, it would now take a fairly significant shock to break the price out of its range in the next two weeks.
The Kallanish index for 62% Fe Australian fines recovered to $41.55/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines traded on globalORE at a $1.65/t premium to the Pl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous