IRON ORE DAILY: SGX adopts Fastmarkets’ 65% Fe index for new high-grade derivative

Trading activity was limited in the spot market on Thursday October 11, while the benchmark 62% Fe iron index rose slightly.

Metal Bulletin 62% Fe Iron Ore Index: $71.30 per tonne cfr Qingdao, up by $0.16 per tonne. Metal Bulletin 62% Fe Pilbara Blend Fines Index: $70.33 per tonne cfr Qingdao, up by $0.16 per tonne. Metal Bulletin 62% Fe Iron Ore Index, Low Alumina: $76.30 per tonne cfr Qingdao, down by $0.05 per tonne. Metal Bulletin 58% Fe Premium Index: $59.75 per tonne cfr Qingdao, up by $0.12 per tonne. Metal Bulletin 65% Fe Iron Ore Index: $97.10 per tonne cfr Qingdao, down by $0.30 per tonne. Metal Bulletin 62% Fe China Port Price Index: 549 yuan per wet metric tonne (implied 62% Fe China Port Price $70.02 per dry tonne), down by 1 yuan per wmt. Key drivers The Singapore Stock Exchange (SGX) announced on October 11 that it will adopt the 65% Fe Iron Ore Index (MBIOI-65),...

Published

July Zhang

Alex Theo

October 11, 2018

13:22 GMT

Singapore. Shanghai