IRON ORE DAILY: Measures to cut pollution in China continue to drive pellet and lump demand

Additional pollution-trimming measures in China lent support to growing demand for iron ore lump and pellets on Thursday June 14.

Metal Bulletin 62% Fe Iron Ore Index: $68.49 per tonne cfr Qingdao, up by $1.47 per tonne Metal Bulletin 58% Fe Premium Index: $54.19 per tonne cfr Qingdao, unchanged Metal Bulletin 65% Fe Iron Ore Index: $89 per tonne cfr Qingdao, up by $0.50 per tonne Metal Bulletin 62% Fe China Port Price Index: 481 yuan per wet tonne (implied 62% Fe China Port Price $65.99 per dry tonne), up by 3 yuan per wet tonne Metal Bulletin 63% Fe Australian Lump Premium: $0.2300 per dry metric tonne unit, unchanged Key drivers Local authorities in north China’s steelmaking hub of Tangshan city initiated another emergency response to air pollution on Thursday. Measures include a 50-100% stoppage to iron ore sintering and pellet-making operations from 3pm local time on Thursday June 14 to 12pm on Sunday June 17, with a 50% production...

Published

July Zhang

June 14, 2018

13:10 GMT

Shanghai