IRON ORE DAILY: Prices continue to trend down, interest in iron ore lump grows

Seaborne iron ore prices continued to slide on Wednesday April 10, while the seaborne spot market remained subdued with no open tenders being issued by the major miners.

MB 62% Fe Iron Ore Index: $94.61 per tonne cfr Qingdao, down $0.24 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.73 per tonne cfr Qingdao, down $0.24 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $96.57 per tonne cfr Qingdao, down $0.42 per tonne. MB 58% Fe Premium Index: $84.91 per tonne cfr Qingdao, down $1.04 per tonne. MB 65% Fe Iron Ore Index: $106.40 per tonne cfr Qingdao, down $0.10 per tonne. MB 62% Fe China Port Price Index: 680 yuan per wet metric tonne (implied 62% Fe China Port Price $92.88 per dry tonne), down 3 yuan per wmt. MB 63% Fe Australian Lump Premium: $0.3300 per dry metric tonne unit, up $0.0100 per dry metric tonne unit. Key drivers Seaborne trading activity remained limited in the iron ore market on Wednesday, most likely due...

Published

Alex Theo

April 10, 2019

13:46 GMT

Singapore