IRON ORE DAILY: Seaborne prices rangebound amid trading caution

Seaborne iron ore prices were rangebound on Wednesday December 26 amid conservative trading activity.

MB 62% Fe Iron Ore Index: $71.39 per tonne cfr Qingdao, down $0.19 per tonne. MB 62% Fe Pilbara Blend Fines Index: $71.22 per tonne cfr Qingdao, down $0.19 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $73.60 per tonne cfr Qingdao, up $0.08 per tonne. MB 58% Fe Premium Index: $63.67 per tonne cfr Qingdao, unchanged. MB 65% Fe Iron Ore Index: $87.10 per tonne cfr Qingdao, up $1 per tonne. MB 62% Fe China Port Price Index: 556 yuan per wet metric tonne (implied 62% Fe China Port Price $71.32 per dry tonne), up 2 yuan per wmt. Key drivers China’s iron ore futures and the 62% Fe swaps on the Singapore Exchange both increased by around 1% in the day, while the 65% Fe derivative also reported two 5,000-tonne trades for February 2019 at $84 and $84.50 per tonne cfr China, up from $83.50 per tonne cfr traded...

Published

July Zhang

December 26, 2018

11:40 GMT

Shanghai