IRON ORE DAILY: Seaborne prices continue to edge up despite limited activity

After spending most of the day rangebound, seaborne iron ore prices again edged up on Thursday October 24, despite limited activity in the market.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $87.34 per tonne, up $0.16 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $87.16 per tonne, up $0.16 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $85.96 per tonne, up $0.30 per tonne.
58% Fe fines high-premium, cfr Qingdao: $77.14 per tonne, up $0.44 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $95.70 per tonne, up $0.30 per tonne.
62% Fe fines, fot Qingdao: 685 yuan per wet metric tonne (implied 62% Fe China Port Price, $88.86 per dry tonne), unchanged.
Key drivers

Chinese benchmark January iron ore futures trended largely sideways for most of the Thursday trading session, but a...


July Zhang

Alex Theo

October 24, 2019

13:48 GMT

Singapore, Shanghai