Fri, Oct 24, 2014
A A A
Welcome kbr175@gmail.com
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 37629 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031