IRON ORE DAILY: Seaborne prices dip amid derivatives losses

Seaborne iron ore prices weakened on Thursday October 31 amid losses in the derivatives markets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $85.97 per tonne, down $1.16 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $85.79 per tonne, down $1.16 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $84.63 per tonne, down $0.97 per tonne.
58% Fe fines high-premium, cfr Qingdao: $73.60 per tonne, down $2.32 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $94.50 per tonne, down $0.30 per tonne.
62% Fe fines, fot Qingdao: 668 yuan per wet metric tonne (implied 62% Fe China Port Price, $86.69 per dry tonne), down 2 yuan per wet metric tonne.
Key drivers

China’s steel and iron ore futures were rangebound on Thursday morning but they retreated in the...

Published

July Zhang

Alex Theo

October 31, 2019

11:49 GMT

Shanghai, Singapore