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 corrected lower during the day, with the benchmark January contract ending nearly 10...

Published

July Zhang

September 16, 2019

13:09 GMT

Shanghai