IRON ORE DAILY: Seaborne prices pick up following futures gains

Seaborne iron ore prices strengthened on Tuesday October 15 thanks to gains in the derivatives markets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $93 per tonne, up by $1.51 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $92.04 per tonne, up by $0.01 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $91.60 per tonne, up by $1.43 per tonne.
58% Fe fines high-premium, cfr Qingdao: $80.98 per tonne, up by $1.55 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $98.90 per tonne, up by $1.90 per tonne.
62% Fe fines, fot Qingdao: 732 yuan per wet metric tonne (implied 62% Fe China Port Price, $95.25 per dry tonne), down by 9 yuan per wet metric tonne.
Key drivers

China’s steel and iron ore futures have been largely weak since late on Monday, but they ticked up in the final 15 minutes before Tuesday’s 3pm close. The benchmark iron ore...

Published

July Zhang

Alex Theo

October 15, 2019

14:03 GMT

Shanghai, Singapore