IRON ORE DAILY: Australian fines prices rise again on supply concerns, strong futures

Australian iron ore prices continued to rise on Friday November 9 amid futures gains and further concerns over BHP supplies.

MB 62% Fe Iron Ore Index: $77.20 per tonne cfr Qingdao, up $0.93 per tonne. MB 62% Fe Pilbara Blend Fines Index: $77 per tonne cfr Qingdao, up $1.70 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $79.79 per tonne cfr Qingdao, down $0.11 per tonne. MB 58% Fe Premium Index: $67.33 per tonne cfr Qingdao, up by $0.21 per tonne. MB 65% Fe Iron Ore Index: $97.20 per tonne cfr Qingdao, up by $0.40 per tonne. MB 62% Fe China Port Price Index: 599 yuan per wet metric tonne (implied 62% Fe China Port Price $76.60 per dry tonne), up by 7 yuan per wmt. Key drivers The benchmark January iron ore contract bucked the...

Published

July Zhang

Alex Theo

November 09, 2018

12:38 GMT

Shanghai