IRON ORE DAILY: Seaborne prices largely rangebound, lump demand up

The seaborne iron ore prices have stayed rangebound on Thursday December 5, while demand for iron ore lump has started to improve.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $88.65 per tonne, down $0.41 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $87.74 per tonne, down $0.41 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $88.25 per tonne, down $0.38 per tonne.
58% Fe fines high-premium, cfr Qingdao: $76.19 per tonne, down $0.36 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $100.50 per tonne, unchanged. 
62% Fe fines, fot Qingdao: 667 yuan per wet metric tonne (implied 62% Fe China Port Price, $86.80 per dry tonne), down 1 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2650 per dry metric tonne unit, up $0.0100 per dry metric tonne unit.
Key drivers

The benchmark January iron ore contract on the Dalian Commodity Exchange was...

Published

Alex Theo

December 05, 2019

12:24 GMT

Singapore