IRON ORE DAILY: Prices rebound amid steel inventory drop, futures gains

Seaborne iron ore prices rebounded on Thursday October 10 following a big decline a day earlier, thanks to gains in the futures markets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $93.68 per tonne, up by $2.62 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $94.23 per tonne, up by $3.89 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $92.08 per tonne, up by $2.33 per tonne.
58% Fe fines high-premium, cfr Qingdao: $82.39 per tonne, up by $2.23 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $99.30 per tonne, up by $2.60 per tonne.
62% Fe fines, fot Qingdao: 746 yuan per wet metric tonne (implied 62% Fe China Port Price, $96.26 per dry tonne), down by 8 yuan per wmt.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2100 per dry metric tonne unit, up by $0.0150 per dmtu.
Key drivers

A set of industry data released by a Chinese data provider early in the afternoon...

Published

July Zhang

October 10, 2019

14:22 GMT

Shanghai