IRON ORE DAILY: High-grade fines index surges past $95/t

The Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao crossed the $95-per-tonne mark for the first time since October 25 on Thursday November 14.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $83.42 per tonne, up $2.39 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $83.45 per tonne, up $2.39 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $82.92 per tonne, up $2.13 per tonne.
58% Fe fines high-premium, cfr Qingdao: $72.13 per tonne, up $0.98 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $95.80 per tonne, up $3.10 per tonne. 
62% Fe fines, fot Qingdao: 626 yuan per wet metric tonne (implied 62% Fe China Port Price, $81.39 per dry tonne), down 1 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2150 per dry metric tonne unit, up $0.0150 per dry metric tonne unit.
Key drivers

The 65% index rose sharply with the support of two spot transactions,...

Published

Alex Theo

November 14, 2019

12:15 GMT

Singapore