Downstream gloom depresses seaborne iron ore prices

An increasingly gloomy outlook in the fundamentals of the Chinese downstream markets continued to weigh on seaborne iron ore prices on Thursday May 25.

Buying interest for cargoes loading at end-June and early-July continued to be firm, with most cargoes trading on a floating-price basis, according to market sources.
Key drivers

The most-traded September...


Norman Fong

May 25, 2023

12:13 GMT