IRON ORE DAILY: Seaborne prices see slight uptick after environmental restrictions lifted in Tangshan

Seaborne iron ore prices rose slightly on Friday October 25 after environmental restrictions in Tangshan were lifted, which could spur some iron ore demand.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $87.98 per tonne, up $0.64 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $87.80 per tonne, up $0.64 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $86.65 per tonne, up $0.69 per tonne.
58% Fe fines high-premium, cfr Qingdao: $77.97 per tonne, up $0.83 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $96.50 per tonne, up $0.80 per tonne. 
62% Fe fines, fot Qingdao: 691 yuan per wet metric tonne (implied 62% Fe China Port Price, $89.69 per dry tonne), up 6 yuan per wet metric tonne.
Key drivers

Chinese benchmark January iron ore futures were rangebound for most of the Friday trading session, but an uptick occurred at the end of the trading window, with the January contract ending about 1% higher compared...

Published

July Zhang

Alex Theo

October 25, 2019

12:40 GMT

Singapore, Shanghai