IRON ORE DAILY: Seaborne prices top $105 per tonne on bullish trading

Iron ore prices continued their uptrend on Wednesday May 22 with the Fastmarkets MB 62% Fe Iron Ore Index rising to more than $105 per tonne cfr China.

MB 62% Fe Iron Ore Index: $105.78 per tonne cfr Qingdao, up by $3.75 per tonne. MB 62% Fe Pilbara Blend Fines Index: $103.97 per tonne cfr Qingdao, up by $3.75 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $108.26 per tonne cfr Qingdao, up by $2.50 per tonne. MB 58% Fe Premium Index: $95.20 per tonne cfr Qingdao, up by $2.32 per tonne. MB 65% Fe Iron Ore Index: $119.20 per tonne cfr Qingdao, up by $2.50 per tonne. MB 62% Fe China Port Price Index: 737 yuan per wet metric tonne (implied 62% Fe China Port Price $98.12 per dry tonne), up by 16 yuan per wmt. Key drivers China’s iron ore futures maintained their upswing during trading on May 22, with the benchmark contract ending 3.4% higher than the settlement level a day earlier. This was based on relatively tight seaborne iron ore...

Published

July Zhang

May 22, 2019

13:27 GMT

Shanghai