IRON ORE DAILY: Prices steady amid tepid trading

Physical iron ore prices posted limited movement on Thursday December 27 with market participants continuing to take caution when trading in the last few days of the year.

MB 62% Fe Iron Ore Index: $71.48 per tonne cfr Qingdao, up $0.09 per tonne. MB 62% Fe Pilbara Blend Fines Index: $71.31 per tonne cfr Qingdao, up $0.09 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $73.56 per tonne cfr Qingdao, down $0.04 per tonne. MB 58% Fe Premium Index: $64.02 per tonne cfr Qingdao, up $0.35 per tonne. MB 65% Fe Iron Ore Index: $87 per tonne cfr Qingdao, down $0.10 per tonne. MB 62% Fe China Port Price Index: 558 yuan per wet metric tonne (implied 62% Fe China Port Price $71.97 per dry tonne), up 2 yuan per wmt. Key drivers China’s ferrous futures largely moved up in the night session on Wednesday to open higher on Thursday, but then retreated during the day. Spot iron ore traded within a range at Chinese ports,...

Published

July Zhang

December 27, 2018

11:50 GMT

Shanghai