IRON ORE DAILY: Prices rangebound, interest lingers for Pilbara Blend cargoes

Seaborne iron ore prices were generally rangebound on Wednesday June 12, while buying interest remained for Australian Pilbara Blend products.

MB 62% Fe Iron Ore Index: $106.60 per tonne cfr Qingdao, down $0.01 per tonne. MB 62% Fe Pilbara Blend Fines Index: $105.40 per tonne cfr Qingdao, down $0.01 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $111.10 per tonne cfr Qingdao, up $1.89 per tonne. MB 58% Fe Premium Index: $98.21 per tonne cfr Qingdao, down $0.06 per tonne. MB 65% Fe Iron Ore Index: $121 per tonne cfr Qingdao, up $1.40 per tonne. MB 62% Fe China Port Price Index: 796 yuan per wet metric tonne (implied 62% Fe China Port Price $106.25 per dry tonne), up 10 yuan per wet metric tonne. Key drivers China’s iron ore futures opened even higher on Tuesday’s night session after closing the day session with a daily-trading-limit increase of...

Published

July Zhang

Alex Theo

June 12, 2019

13:20 GMT

Shanghai, Singapore