IRON ORE DAILY: Seaborne prices edge down toward $85/tonne amid market uncertainty

Seaborne iron ore prices were down on Tuesday October 29 amid market uncertainty about demand levels in winter.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $86.64 per tonne, down $1.34 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $86.46 per tonne, down $1.34 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $85.25 per tonne, down $1.40 per tonne.
58% Fe fines high-premium, cfr Qingdao: $76.80 per tonne, down $1.17 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $94.90 per tonne, down $1.60 per tonne.
62% Fe fines, fot Qingdao: 673 yuan per wet metric tonne (implied 62% Fe China Port Price, $87.30 per dry tonne), down 18 yuan per wmt.

63% Fe Australia-origin lump ore premium, cfr...

Published

Alex Theo

October 29, 2019

11:47 GMT

Singapore