IRON ORE DAILY: Prices fluctuate amid futures volatility

Iron ore prices experienced some fluctuation on Wednesday March 13 following ups and downs in the futures markets.

MB 62% Fe Iron Ore Index: $84.78 per tonne cfr Qingdao, down $0.47 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.90 per tonne cfr Qingdao, down $0.47 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.70 per tonne cfr Qingdao, down $0.65 per tonne. MB 58% Fe Premium Index: $74.99 per tonne cfr Qingdao, down $1.39 per tonne. MB 65% Fe Iron Ore Index: $96.10 per tonne cfr Qingdao, down $0.70 per tonne. MB 62% Fe China Port Price Index: 630 yuan per wet metric tonne (implied 62% Fe China Port Price $83.51 per dry tonne), up 5 yuan per wet metric tonne. Key drivers China’s ferrous futures have remained rangebound in positive territory since Tuesday March 12 night, but they largely retreated on Wednesday afternoon. As a result, spot iron ore transactions at Chinese ports took place at higher prices in the morning, but sank in the later half...

Published

July Zhang

Alex Theo

March 13, 2019

11:35 GMT

Shanghai, Singapore