IRON ORE DAILY: Prices slip amid buying inactivity

Seaborne iron ore prices retreated on Friday November 29, with buying activity limited.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $87.46 per tonne, down $0.65 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $86.55 per tonne, down $0.65 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $86.86 per tonne, down $1.14 per tonne.
58% Fe fines high-premium, cfr Qingdao: $77.44 per tonne, up $0.01 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $99.20 per tonne, down $0.60 per tonne.
62% Fe fines, fot Qingdao: 659 yuan per wet metric tonne (implied 62% Fe China Port Price, $85.81 per dry tonne), unchanged.
Key drivers

China’s steel and iron ore futures were rangebound during the day, with the benchmark iron ore contract ending moderately lower...


July Zhang

November 29, 2019

11:55 GMT