IRON ORE DAILY: Seaborne trading activity jumps, prices stronger

Activity in the seaborne iron ore market picked up on Tuesday September 10 and prices continued to strengthen.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao:
 $93.22 per tonne, up $0.25 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $93.61 per tonne, up $0.25 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $91.03 per tonne, up $0.73 per tonne.
58% Fe fines premium index, cfr Qingdao: $80.18 per tonne, down $0.29 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $99.50 per tonne, up $0.60 per tonne.
62% Fe fines, fot Qingdao: 754 yuan per wet metric tonne (implied 62% Fe China Port Price, $97.42 per dry tonne), up 7 yuan per wmt.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1200 per dry metric tonne unit, up $0.0200 per dry metric tonne unit.
Key drivers

China’s rebar and hot-rolled coil futures corrected down on Tuesday after big gains...

Published

July Zhang

Alex Theo

September 10, 2019

13:12 GMT

Shanghai, Singapore