IRON ORE DAILY: 62% seaborne prices little changed on uncertain demand outlook

The mid-grade seaborne iron ore price was rangebound on Tuesday November 19 after market participants reported being wary of growing port inventories and unhealthy pollution levels in the steelmaking hub of Tangshan in north China.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $85.80 per tonne, up $0.03 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $85.83 per tonne, up $0.03 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $85.50 per tonne, up $0.30 per tonne.
58% Fe fines high-premium, cfr Qingdao: $75.69 per tonne, up $1.04 per tonne. 
65% Fe Brazil-origin fines, cfr Qingdao: $97.40 per tonne, up $0.60 per tonne.
62% Fe fines, fot Qingdao: 646 yuan per wet metric tonne (implied 62% Fe China Port Price, $84.14 per dry tonne), up 5 yuan per wet metric tonne.
Key drivers

Market participants have received a widely-circulated notice stating unhealthy pollution levels in the steelmaking hub of Tangshan in north China. Authorities are...

Published

Alex Theo

November 19, 2019

10:55 GMT

Singapore