Chinese FeCr prices higher; Glencore more bullish on 3Q benchmark


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Tan
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Tan

US$ 1.35 /lb in Q3 sounds a little low, a thing to be “pushed for” by the Buyers, not Glencore, especially given what one could expect in Q4 after the export tax in SA. However, it is not absurd like the Swiss Trader’s; 10-15% minus as on 19th. Had observed here on 16th that when Glencore had set the European Benchmark of US$ 1.42 / lb for Q2, whatever prices that were quoting in some other key countries at Spot, have already been crossed, and consistently so. Now, Q3 seems to be slow in Europe, Euro has also depreciated in… Read more »

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settled 1.38