2min chapter

Freight Up! Fuel oil, iron ore, steel and other commodity insights from Freight Investor Services cover image

Iron Ore's surge, container futures, and the financial report typo that cause a crude spike

Freight Up! Fuel oil, iron ore, steel and other commodity insights from Freight Investor Services

CHAPTER

The Iron Ore Index Grew Significantly Last Week

This is going to be a really heavy week on iron ore news because it seems like it's been everywhere recently. There were several drivers, but all look like macro side. The fast, depreciated US dollar, I think that was a more direct reason for the growth of iron ore. That naturally increased the price of commodities set up in USD.

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