IRON ORE DAILY: Prices rebound above $100/t amid futures rise

Iron ore prices rebounded above $100 per tonne cfr China on Tuesday June 4 after declining for several days straight.

MB 62% Fe Iron Ore Index: $100.38 per tonne cfr Qingdao, up $1.26 per tonne. MB 62% Fe Pilbara Blend Fines Index: $98.86 per tonne cfr Qingdao, up $1.26 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $104.50 per tonne cfr Qingdao, up $1.93 per tonne. MB 58% Fe Premium Index: $94.42 per tonne cfr Qingdao, up $1.25 per tonne. MB 65% Fe Iron Ore Index: $115.40 per tonne cfr Qingdao, up $1.30 per tonne. MB 62% Fe China Port Price Index: 763 yuan per wet metric tonne (implied 62% Fe China Port Price $101.80 per dry tonne), up 4 yuan per wet metric tonne. Key drivers China’s iron ore futures picked up after recording five consecutive trading days of losses, while other ferrous contracts also largely trended upward over the day. Market sentiment improved after a Monday lull, with more active spot iron...

Published

July Zhang

Alex Theo

June 04, 2019

12:40 GMT

Shanghai, Singapore