IRON ORE DAILY: 62% Fe price returns above $90/t

Seaborne iron ore prices rose further on Monday November 25, with the 62% Fe index getting back above $90 per tonne cfr for the first time in over a month.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $90.92 per tonne, up $2.84 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $90.95 per tonne, up $2.84 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $90.31 per tonne, up $2.84 per tonne.
58% Fe fines high-premium, cfr Qingdao: $80.18 per tonne, up $2.63 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $102.80 per tonne, up $2.70 per tonne. 
62% Fe fines, fot Qingdao: 660 yuan per wet metric tonne (implied 62% Fe China Port Price, $85.86 per dry tonne), up 6 yuan per wet metric tonne.
Key drivers

China’s steel and iron ore futures continued to advance, with the benchmark iron ore contract ending Monday’s 3pm 3.3% higher than last Friday’s settlement...


July Zhang

November 25, 2019

12:05 GMT