IRON ORE DAILY: Prices rise following futures gains

Physical iron ore prices rebounded on Friday July 19 amid gains in the futures markets.

Fastmarkets’ index for iron ore 62% Fe fines, cfr Qingdao: $121.79 per tonne, up by $1.89 per tonne. Fastmarkets’ index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $121.71 per tonne, up by $1.89 per tonne. Fastmarkets’ index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $122.81 per dry metric tonne, up by $1.50 per dmt. Fastmarkets’ index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $109.42 per tonne, down by $0.43 per tonne. Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $129.20 per tonne, up by $1.80 per tonne. Fastmarkets’ index for iron ore 62% Fe fines, fot Qingdao: 899 yuan per wet metric tonne (implied 62% Fe China Port Price $121.14 per dry tonne), up by 2 yuan per wmt. Key drivers China’s iron ore futures advanced during the day, with the benchmark September contract ending 2.4% higher than Thursday’s settlement level. The August and September contracts for...

Published

July Zhang

Alex Theo

July 19, 2019

13:35 GMT

Shanghai, Singapore