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Home / Metal News / Global Iron Ore market continues bearishness

Global Iron Ore market continues bearishness

iconJan 26, 2015 13:13
Source:SMM
The interminable slump in prices on the DCE iron ore futures continued on Friday, with the most active contract falling almost 2.5%, as per the Steel Index.
UNITED KINGDOM January 26 2015 8:47 AM
 
LONDON (Scrap Register): The interminable slump in prices on the DCE iron ore futures continued on Friday, with the most active contract falling almost 2.5%, as per the Steel Index.
 
It was a typically quiet Friday for the physical commodity though, with only a limited amount of iron ore spot trade going through ahead of the weekend. 
 
An Australian miner held a tender for 61% Fe PB fines which concluded just under half a dollar below yesterday’s level. It sold another cargo over globalORE on an index-linked basis. 
 
A Brazilian miner meanwhile sold 61.32% Fe iron ore fines (>7% silica) in a tender at just above 62. PB fines traded privately. 
 
In China, trade at port was limited with no price move. Spot rebar prices in Shanghai fell RMB 40/t, but billet prices in Tangshan rose 10/t. 
 
All prices $/dmt CFR China unless stated otherwise.
The Steel Index
iron ore

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