IRON ORE DAILY: Prices dip after rising above $95 per tonne

Seaborne iron ore prices corrected down slightly on Tuesday April 9 after surging past $95 per tonne cfr China on Monday.

MB 62% Fe Iron Ore Index: $94.85 per tonne cfr Qingdao, down $0.45 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.97 per tonne cfr Qingdao, down $0.45 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $96.99 per tonne cfr Qingdao, down $0.61 per tonne. MB 58% Fe Premium Index: $85.95 per tonne cfr Qingdao, up $0.74 per tonne. MB 65% Fe Iron Ore Index: $106.50 per tonne cfr Qingdao, up $0.20 per tonne. MB 62% Fe China Port Price Index: 683 yuan per wet metric tonne (implied 62% Fe China Port Price $93.23 per dry tonne), down 1 yuan per wmt. Key drivers Rio Tinto confirmed on Tuesday that a fire had broken out on Saturday April 6 at a screening house at the company’s East Intercourse Island port operation in the Pilbara region of Western Australia. Emergency services...

Published

July Zhang

Alex Theo

April 09, 2019

13:42 GMT

Shanghai, Singapore