IRON ORE DAILY: Prices rangebound after China holiday, BHP widens Q4 brand adjustments

Seaborne iron ore prices were rangebound on Monday September 16 amid inactive trading after China returned from a three-day weekend to celebrate the Mid-Autumn Festival.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $98.45 per tonne, down $0.85 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $98.84 per tonne, down $0.85 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $96.94 per tonne, down $0.66 per tonne.
58% Fe fines high-premium, cfr Qingdao: $86.48 per tonne, down $0.09 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $105.30 per tonne, down $0.30 per tonne. 
62% Fe fines, fot Qingdao: 785 yuan per wet metric tonne (implied 62% Fe China Port Price: $102.26 per dry tonne), up 17 yuan per wmt.
Key drivers

China’s iron ore futures opened high on Monday morning but...

Published

July Zhang

September 16, 2019

13:09 GMT

Shanghai