Bloomberg:
MBST6922:IND 141.00000 5.00000 3.68%
The Steel Index:
China Import Iron Ore Spot Reference Prices, CFR Tianjin Port: 62% Fe fines: US$ 139.4 /dry metric tonne (+3.0%)
China Import Iron Ore Spot Reference Prices, CFR Qingdao Port: 62% Fe 2% Al fines: US$ 140.5 /dry metric tonne
"Despite limited activity over the past two days, iron ore prices continued to advance on tight supply and more positive economic sentiment following a cash injection by China’s Central Bank. Yesterday on the globalORE trading platform, Australian fines under the 62% Fe category were concluded at 139.5. Today, a cargo under the same bracket went through at 142."
iron ore $140
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