Seaborne iron ore prices reached a new historic low Tuesday as the Platts 62% Fe Iron Ore Index, or IODEX, lost $0.75/dmt on the day to reach $44/dmt CFR North China. It is the lowest point the IODEX has been since Platts' began spot ...
Tags: Seaborne iron ore, steel, ore
The seaborne iron ore cended a two-day rally and dipped again Friday, tracking a withdrawal in buying activity as the fast spike and current supply glut hit spot purchasing. Platts assessed the 62% Fe IODEX at $98.75/dmt CFR North China, ...
Tags: Iron Ore, Seaborne Seaborne
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India jumped Friday due to a large number of fixtures for grain cargoes in the Atlantic basin, market participants said. "Some of the ...
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week stable to slightly lower on Friday, amid a pick up in fixture activity, even as the market continues to be weighed down ...
Tags: Panamax coal freight, fixture activity, coal
Bloomberg reported that China, buyer of 65% of the world’s iron ore cargoes, expanded the destinations it got the commodity from this year with the first reported spot shipments from Oman, the Philippines and Sierra Leone. According ...
Tags: China, iron ore cargoes, destinations, Oman
Reuters reported that spot iron ore prices hit their highest in almost five months as traders snapped up cargoes, betting Chinese demand will stay firm and supply may be limited in the first quarter due to seasonal weather disruptions in ...