IRON ORE DAILY: Prices expected to rise on China's return

Seaborne iron ore prices stayed largely flat on Friday February 8 with China’s week-long public holiday coming to an end, though there was some activity in the high-grade segment.

MB 62% Fe Iron Ore Index: $85.53 per tonne cfr Qingdao, unchanged. MB 62% Fe Pilbara Blend Fines Index: $86.37 per tonne cfr Qingdao, unchanged. MB 62% Fe Iron Ore Index-Low Alumina: $87.32 per tonne cfr Qingdao, unchanged. MB 58% Fe Premium Index: $78.74 per tonne cfr Qingdao, unchanged. MB 65% Fe Iron Ore Index: $103.30 per tonne cfr Qingdao, up $2.50 per tonne. MB 62% Fe China Port Price Index: 617 yuan per wet metric tonne (implied 62% Fe China Port Price $81.33 per dry tonne), unchanged. Key drivers The week-long Lunar New Year holiday ended with a largely muted market, though...

Published

Alex Theo

February 08, 2019

11:45 GMT

Singapore