August 2016

IRON ORE PRICES: Benchmark index stays below $62 per tonne cfr

Iron ore prices saw little movement on Wednesday August 24 with limited activity in the international derivatives market.

Seaborne iron ore market rangebound on Wednesday

The seaborne iron ore market was rangebound on Wednesday August 24 with tepid levels of activity and prices for mainstream brands at Chinese ports remaining flat.

Glencore sees improving iron ore earnings in H1

Glencore’s underlying earnings for its iron ore business saw some improvement in the first half of this year even though it remains in debt.

China AM: Futures trading range-bound; more steel cuts announced

China’s steel and steelmaking raw materials futures saw range-bound trading on the morning of Wednesday August 24 as news of more steel capacity cuts surfaced.

Iron ore prices edge up but port materials still cheaper

Iron ore continued to gain strength in both the seaborne market and at Chinese ports on Tuesday August 23, though the latter remains a more affordable choice for mills.

Steelmaking Raw Materials Trade Log, August 23, 2016

Latest transaction: iron ore

IRON ORE PRICES: Benchmark index continues to edge upwards

Iron ore prices continued to edge upwards on Tuesday August 23, as international derivatives also traded up within a tight range.

China AM: Futures rise on firm physical market

China’s ferrous futures ended the morning session higher on Tuesday August 23 with the physical steel market showing some strength.

SGX will buy Baltic for $114m in deal that will close by November-end

Singapore Exchange Ltd (SGX) will buy the Baltic Exchange for roughly £87 million ($114 million) and plans to develop new products and benchmarks for the freight and shipping community.

IRON ORE PRICES: Benchmark index edges up to $61 per tonne cfr

Iron ore prices saw little movement on Monday August 22 with limited trading activity in the international derivatives market.