IRON ORE DAILY: Strength of futures persists on last trading day of Lunar 2018

Physical iron ore trading largely stopped on Friday February 1, although the futures and swaps markets continued to show gains.

MB 62% Fe Iron Ore Index: $85.53 per tonne cfr Qingdao, up $0.19 per tonne. MB 62% Fe Pilbara Blend Fines Index: $86.37 per tonne cfr Qingdao, up $0.19 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $87.32 per tonne cfr Qingdao, down $0.03 per tonne. MB 58% Fe Premium Index: $78.74 per tonne cfr Qingdao, up $3.12 per tonne. MB 65% Fe Iron Ore Index: $100.80 per tonne cfr Qingdao, down $0.10 per tonne. MB 62% Fe China Port Price Index: 617 yuan per wet metric tonne (implied 62% Fe China Port Price $81.45 per dry tonne), up 4 yuan per wet metric tonne. Key drivers China’s stocks and ferrous futures markets advanced across the board...

Published

July Zhang

Alex Theo

February 01, 2019

12:21 GMT

Shanghai, Singapore