IRON ORE DAILY: Robust trading activity continues on SGX 65% Fe derivative

Physical iron ore prices stayed rangebound on Tuesday April 23 while the 65% Fe derivative on the Singapore Exchange traded actively.

MB 62% Fe Iron Ore Index: $94.53 per tonne cfr Qingdao, up $0.05 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.31 per tonne cfr Qingdao, up $0.05 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $96.88 per tonne cfr Qingdao, up $0.13 per tonne. MB 58% Fe Premium Index: $83.83 per tonne cfr Qingdao, down $0.70 per tonne. MB 65% Fe Iron Ore Index: $108.10 per tonne cfr Qingdao, up $0.30 per tonne. MB 62% Fe China Port Price Index: 680 yuan per wet metric tonne (implied 62% Fe China Port Price $92.81 per dry tonne), unchanged. Key drivers Trading activity for the Singapore Exchange’s 65% Fe iron ore futures was robust, with 950 lots of May and June contracts traded and cleared by 6.15pm Singapore time on...

Published

July Zhang

April 23, 2019

13:20 GMT

Shanghai