IRON ORE DAILY: Seaborne prices up to nearly $95/tonne on increase in trading momentum

Seaborne iron ore prices continued to strengthen on Wednesday September 11, closing in on $95 per tonne cfr China.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: 
$94.66 per tonne, up $1.44 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $95.05 per tonne, up $1.44 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $92.95 per tonne, up $1.92 per tonne.
58% Fe fines high-premium, cfr Qingdao: $82.50 per tonne, up $2.32 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $101.40 per tonne, up $1.90 per tonne.
62% Fe fines, fot Qingdao: 754 yuan per wet metric tonne (implied 62% Fe China Port Price, $97.65 per dry tonne), unchanged.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1250 per dry metric tonne unit, up $0.0500 per dry metric tonne unit.
Key drivers

China’s iron ore futures largely trended up during the day, with the benchmark January contract ending 1.5%...

Published

July Zhang

Alex Theo

September 11, 2019

13:36 GMT

Shanghai, Singapore