IRON ORE DAILY: Uncertainties emerge over steelmaking restrictions in east China

Seaborne iron ore prices were rangebound amid a quiet market on Monday October 15 with uncertainties emerging over steelmaking restrictions in east China.

MB 62% Fe Iron Ore Index: $71.66 per tonne cfr Qingdao, down by $0.01 per tonne. MB 62% Fe Pilbara Blend Fines Index: $70.69 per tonne cfr Qingdao, down by $0.01 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $76.34 per tonne cfr Qingdao, down by $0.35 per tonne. MB 58% Fe Premium Index: $59.80 per tonne cfr Qingdao, down by $0.13 per tonne. MB 65% Fe Iron Ore Index: $97.30 per tonne cfr Qingdao, up by $0.10 per tonne. MB 62% Fe China Port Price Index: 545 yuan per wet metric tonne (implied 62% Fe China Port Price $69.58 per dry tonne), down by 3 yuan per wmt. Key drivers Local authorities in east China’s Jiangsu province have reportedly...

Published

July Zhang

Alex Theo

October 15, 2018

12:32 GMT

Singapore, Shanghai