IRON ORE DAILY: Prices rangebound, low grade trades more active

Seaborne iron ore prices were rangebound on Friday December 7 with low-grade material trading more actively than high grades.

MB 62% Fe Iron Ore Index: $66.51 per tonne cfr Qingdao, down $0.08 per tonne. MB 62% Fe Pilbara Blend Fines Index: $65.78 per tonne cfr Qingdao, down $0.08 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $70.32 per tonne cfr Qingdao, up $0.19 per tonne. MB 58% Fe Premium Index: $60.33 per tonne cfr Qingdao, down $0.62 per tonne. MB 65% Fe Iron Ore Index: $82.80 per tonne cfr Qingdao, up $0.10 per tonne. MB 62% Fe China Port Price Index: 540 yuan per wet metric tonne (implied 62% Fe China Port Price $69.32 per dry tonne), up by 4 yuan per wmt. Key drivers Two seaborne cargoes of iron ore on the 58% Fe segment changed hands on platforms during the day, while offers for 62% and 65% Fe materials at fixed prices or premiums on indices...

Published

July Zhang

Alex Theo

December 07, 2018

13:00 GMT

Shanghai, Singapore