IRON ORE DAILY: Seaborne prices close in on $95/tonne amid anticipated looser production restrictions

Physical iron ore prices rose on Tuesday October 8 on likely easing production restrictions in north China.

Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $94.77 per tonne, up $1.39 per tonne.  62% Fe Pilbara Blend Fines, cfr Qingdao: $94.05 per tonne, up $1.14 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $93.50 per tonne, up $1.78 per tonne. 58% Fe fines high-premium, cfr Qingdao: $83.09 per tonne, up $0.81 per tonne. 65% Fe Brazil-origin fines, cfr Qingdao: $100.70 per tonne, up $0.30 per tonne. 62% Fe fines. Fot Qingdao: 759 yuan per wet metric tonne (implied 62% Fe China Port Price $97.74 per dry tonne), up 20 yuan per wet metric tonne. Key drivers Production restrictions in the steelmaking hub of Tangshan in north China are likely be eased after the...

Published

July Zhang

Alex Theo

October 08, 2019

13:31 GMT

Singapore, Shanghai