IRON ORE DAILY: Seaborne Brazilian Blend cargoes widen gap with Pilbara Blend fines

The price gap between seaborne cargoes of Brazilian Blend fines and Pilbara Blend fines widened further on Wednesday May 16 amid a mixed market.

Metal Bulletin 62% Fe Iron Ore Index: $68.03 per tonne cfr Qingdao, up by $0.75 per tonne Metal Bulletin 58% Fe Premium Index: $54.56 per tonne cfr Qingdao, unchanged Metal Bulletin 65% Fe Iron Ore Index: $86.20 per tonne cfr Qingdao, down by $0.10 per tonne Metal Bulletin 62% Fe China Port Price Index: 480 yuan per wet tonne (implied 62% Fe China Port Price $66.05 per dry tonne), down by 5 yuan per wet tonne Key drivers China’s ferrous futures largely retreated in the afternoon after a spike in the last ten minutes of the morning trading session. Seaborne iron ore prices mirrored the movement, with a miner concluding a tender for Pilbara Blend fines in the morning at a price that is $0.11 per tonne higher than last one a day earlier, only to...

Published

July Zhang

May 16, 2018

12:35 GMT

Singapore