IRON ORE DAILY: 62% Fe price dips back below $90/t amid steel retreat

Seaborne iron ore prices fell back below $90 per tonne cfr China on Tuesday November 26 after reclaiming the mark a day earlier, amid losses in steel markets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $89.30 per tonne, down $1.62 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $1.62 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $88.71 per tonne, down $1.60 per tonne.
58% Fe fines high-premium, cfr Qingdao: $78.25 per tonne, down $1.93 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $101.30 per tonne, down $1.50 per tonne.
62% Fe fines, fot Qingdao: 662 yuan per wet metric tonne (implied 62% Fe China Port Price, $86.19 per dry tonne), up 2 yuan per wet metric tonne.
Key drivers

China’s steel and iron ore futures have largely trended...

Published

July Zhang

November 26, 2019

12:05 GMT

Shanghai