Uptick in high grade iron ore demand widens 65%-62% Fe spread
October 18, 2023 Comments Off
The 65%-62% Fe spread, an indicator of the price difference between high- and medium-grade fines, has gradually widened in recent days following some volumes of Brazilian Iron Ore Carajas (IOCJ) changing hands in the spot market, but the upside could still be capped by weak production margins, market sources told S&P Global Commodity Insights Oct. 18. The price spread had…
Uptick in high grade iron ore demand widens 65%-62% Fe spread
The 65%-62% Fe spread, an indicator of the price difference between high- and medium-grade fines, has gradually widened in recent days following some volumes of Brazilian Iron Ore Carajas (IOCJ) changing hands in the spot market, but the upside could still be capped by weak production margins, market sources told S&P Global Commodity Insights Oct. 18. The price spread had…
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