IRON ORE DAILY: Price corrections continue amid choppy futures trading

Iron ore prices continued to correct on Friday February 22 amid volatility in the futures market and low seaborne liquidity.

MB 62% Fe Iron Ore Index: $86.65 per tonne cfr Qingdao, down $0.03 per tonne. MB 62% Fe Pilbara Blend Fines Index: $86.05 per tonne cfr Qingdao, down $0.03 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $88.43 per tonne cfr Qingdao, up $0.07 per tonne. MB 58% Fe Premium Index: $77.20 per tonne cfr Qingdao, down $0.02 per tonne. MB 65% Fe Iron Ore Index: $99.50 per tonne cfr Qingdao, down $0.30 per tonne. MB 62% Fe China Port Price Index: 632 yuan per wet metric tonne (implied 62% Fe China Port Price $83.77 per dry tonne), down 14 yuan per wet metric tonne. Key drivers China’s iron ore futures tumbled on Thursday night with...

Published

July Zhang

Alex Theo

February 22, 2019

12:10 GMT

Shanghai, Singapore