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...

Published

July Zhang

November 08, 2019

14:15 GMT

Shanghai