IRON ORE DAILY: 65% seaborne price up as winter season demand grows

The Fastmarkets index for iron ore 65% Fe Brazil-origin, cfr Qingdao was lifted on Thursday November 21 amid growing winter season demand, while lump premiums posted smaller gains.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $86.67 per tonne, up $0.34 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $86.70 per tonne, up $0.34 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $86.19 per tonne, up $0.33 per tonne.
58% Fe fines high-premium, cfr Qingdao: $76.75 per tonne, up $0.94 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $99 per tonne, up $0.80 per tonne. 
62% Fe fines, fot Qingdao: 650 yuan per wet metric tonne (implied 62% Fe China Port Price, $84.55 per dry tonne), up 6 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2300 per dry metric tonne unit, up $0.0150 per dry metric tonne unit.
Key drivers

A miner offloaded a 65% Fe Iron Ore Carajas (IOCJ) cargo on...

Published

Alex Theo

November 21, 2019

12:15 GMT

Singapore