September 2019 | Steel Raw Materials
Seaborne price revival continues but downturn still expected: Iron Ore Market Analysis
As we detailed last week, falling seaborne prices had been attracting buyers even as port stocks in China were accumulating.
Seaborne indices rose strongly on average last week, regardless of grade or form. Pellet import prices in China, which tend to be less volatile than fines, rose less than $2, and remain below the assessment of the week ending August 23 whereas all our fines indices reached at least two-week highs. The 62% Fe index rose close to $7 to reach a three-week high and the 58% Fe index rose even...
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