IRON ORE DAILY: Buying interest persists for Pilbara Blend fines

Iron ore prices were rangebound on Friday September 14 with buyers continuing to show interest in Pilbara Blend fines.

Metal Bulletin 62% Fe Iron Ore Index: $67.68 per tonne cfr Qingdao, down by $0.58 per tonne. Metal Bulletin 62% Fe Pilbara Blend Fines Index: $66.71 per tonne cfr Qingdao, down by $0.58 per tonne. Metal Bulletin 62% Fe Iron Ore Index, Low Alumina: $74.18 per tonne cfr Qingdao, up by $0.08 per tonne Metal Bulletin 58% Fe Premium Index: $57.38 per tonne cfr Qingdao, up by $0.60 per tonne. Metal Bulletin 65% Fe Iron Ore Index: $96.70 per tonne cfr Qingdao, up $0.20 per tonne. Metal Bulletin 62% Fe China Port Price Index: 511 yuan per wet metric tonne (implied 62% Fe China Port Price $65.65 per dry tonne), up by 1 yuan per wmt. Key drivers The performance of China’s iron ore futures was rangebound during the day, while some spot cargoes at Chinese ports were heard traded at slightly higher prices. Seaborne trading was relatively active on platforms, with an index-linked cargo of Pilbara Blend...

Published

July Zhang

September 14, 2018

14:12 GMT

Shanghai