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.

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Published

July Zhang

Alex Theo

October 08, 2019

13:31 GMT

Singapore, Shanghai