IRON ORE DAILY: Seaborne prices stay below $90/tonne

Seaborne mid-grade iron ore prices continued to stay below the $90 per tonne mark on Thursday October 17.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $87.06 per tonne, down $0.80 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $86.10 per tonne, down $0.80 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $85.84 per tonne, down $0.54 per tonne.
58% Fe fines high-premium, cfr Qingdao: $76.56 per tonne, down $0.17 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $93.70 per tonne, down $0.20 per tonne. 
62% Fe fines, fot Qingdao: 699 yuan per wet metric tonne (implied 62% Fe China Port Price, $90.49 per dry tonne), down 16 yuan per wmt.
Key drivers

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July Zhang

Alex Theo

October 17, 2019

11:52 GMT

Singapore, Shanghai