News and Events

Seaborne iron ore prices inched lower on Thursday with little overall direction. Markets were waiting to see if steel exports will be restrained and if stimulus policy would be changed. The Kallanish KORE 62% Fe index inched $0.12/t lower to $117.55/dry metric tonne cfr Qingdao on Thursday. The Kallanish KORE 65% Fe index dropped $0.14/t to $129.99/t, while the KORE 58% Fe index fell $0.35/t to $105.82/dmt cfr. On COREX, 170,000 tonnes of PB Fines sold at $117/t