Platts IODEX plunges most in 20 months on bearish Asian seaborne market
March 12, 2024 Comments Off
The Platts IODEX iron ore benchmark price witnessed its largest day-on-day slump in nearly 20 months on March 11, weighed down by a raft of sluggish physical fundamentals in Asia, coupled with pessimism around China’s housing and property sector. Platts IODEX has been on a downtrend since the beginning of the year, dipping below the $110/dmt CFR China mark March…
Platts IODEX plunges most in 20 months on bearish Asian seaborne market
The Platts IODEX iron ore benchmark price witnessed its largest day-on-day slump in nearly 20 months on March 11, weighed down by a raft of sluggish physical fundamentals in Asia, coupled with pessimism around China’s housing and property sector. Platts IODEX has been on a downtrend since the beginning of the year, dipping below the $110/dmt CFR China mark March…
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