IRON ORE DAILY: Derivatives tumble sends prices down to $80 per tonne

Physical 62% Fe iron ore prices dropped further to around $80 per tonne cfr on Friday November 8, following a plunge in the derivatives market.

Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $80.11 per tonne, down by $3.06 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $80.14 per tonne, down by $3.06 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $79.50 per tonne, down by $2.55 per tonne. 58% Fe fines high-premium, cfr Qingdao: $69.41 per tonne, down by $2.71 per tonne. 65% Fe Brazil-origin fines, cfr Qingdao: $90.70 per tonne, down by $2 per tonne. 62% Fe fines, fot Qingdao: 643 yuan per wet metric tonne (implied 62% Fe China Port Price, $84.16 per dry tonne), down by 9 yuan per wmt. Key drivers China’s steel and iron ore futures have stayed rangebound and in negative territory since Thursday night, and the benchmark January iron ore contract dipped further...

Published

July Zhang

November 08, 2019

14:15 GMT

Shanghai