IRON ORE DAILY: Prices rangebound amid thin trading

Physical iron ore prices were little changed on Friday January 25 amid limited trading activity.

MB 62% Fe Iron Ore Index: $74.69 per tonne cfr Qingdao, down $0.02 per tonne. MB 62% Fe Pilbara Blend Fines Index: $75.53 per tonne cfr Qingdao, down $0.02 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $76.22 per tonne cfr Qingdao, down $0.18 per tonne. MB 58% Fe Premium Index: $66.36 per tonne cfr Qingdao, up $0.34 per tonne. MB 65% Fe Iron Ore Index: $89.10 per tonne cfr Qingdao, down $0.10 per tonne. MB 62% Fe China Port Price Index: 567 yuan per wet metric tonne (implied 62% Fe China Port Price $74.28 per dry tonne), down 1 yuan per wet metric tonne. Key drivers Spot iron ore buying cooled further toward the weekend, with fewer trades reported at Chinese ports...

Published

July Zhang

Alex Theo

January 25, 2019

11:55 GMT

Shanghai