IRON ORE DAILY: Seaborne prices still strong amid firm support from steady finished steel demand

Seaborne iron ore prices continued to climb on Friday November 15, with support from steady demand for steel products.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $85.04 per tonne, up $1.62 per tonne. 
62% Fe Pilbara Blend fines, cfr Qingdao: $85.07 per tonne, up $1.62 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $84.45 per tonne, up $1.53 per tonne.
58% Fe fines high-premium, cfr Qingdao: $74.91 per tonne, up $2.78 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $96.90 per tonne, up $1.10 per tonne. 
62% Fe fines, fot Qingdao: 642 yuan per wet metric tonne (implied 62% Fe China Port Price, $83.57 per dry tonne), up 16 yuan per wet metric tonne.
Key drivers

Market participants told Fastmarkets that firmer demand for finished steel products, including steel reinforcing bar (rebar)...

Published

Alex Theo

November 15, 2019

13:02 GMT

Singapore