Wed, Mar 4, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Metals and Minerals more

Iron Ore prices soften as more supplies hit market

Posted on 11 June 2014

Iron ore prices softened in May as more supplies hit the market and prices fell to $90 levels for 62% Fe fines. The Steel Index (TSI) in a monthly report pointed out that the precipitous fall in iron ore prices comes despite a relatively healthy steel sector in China where mills have been back in the black for some time and while trader’s steel inventories are falling.
TSI’s monthly average of 62% Fe fines benchmark price used to settle May derivatives and futures contracts as well as monthly physical contracts was US $100.56/dry metric ton, down 12.2% month-on-month………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39496 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031