IRON ORE DAILY: Seaborne prices rise on revival in buying activity

Seaborne iron ore prices edged up on Monday June 10 amid positive buying activity and gains in the futures markets.

MB 62% Fe Iron Ore Index: $101.51 per tonne cfr Qingdao, up $0.91 per tonne. MB 62% Fe Pilbara Blend Fines Index: $100.31 per tonne cfr Qingdao, up $0.91 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $105.20 per tonne cfr Qingdao, up $1.16 per tonne. MB 58% Fe Premium Index: $92.61 per tonne cfr Qingdao, up $1.75 per tonne. MB 65% Fe Iron Ore Index: $116.10 per tonne cfr Qingdao, up $0.80 per tonne. MB 62% Fe China Port Price Index: 763 yuan per wet metric tonne (implied 62% Fe China Port Price $101.70 per dry tonne), up 3 yuan per wmt. Key drivers China’s iron ore futures recorded lackluster performance on Monday morning, but they advanced in the afternoon. The benchmark September contract ended the day 3.2% higher than the settlement level on Thursday June 6, the last...

Published

July Zhang

Alex Theo

June 10, 2019

13:32 GMT

Shanghai, Singapore