IRON ORE DAILY: Pollution control measures keep seaborne prices rangebound

Seaborne prices have continued to be rangebound on Friday December 6, while pollution control measures were issued in the steelmaking hub of Tangshan.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $89.06 per tonne, up $0.41 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $88.15 per tonne, up $0.41 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $88.55 per tonne, up $0.30 per tonne.
58% Fe fines high-premium, cfr Qingdao: $76.81 per tonne, up $0.62 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $100.20 per tonne, down $0.30 per tonne.
62% Fe fines, fot Qingdao: 664 yuan per wet metric tonne (implied 62% Fe China Port Price, $86.25 per dry tonne), down 3 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2550 per dry metric tonne unit, down $0.0100 per dry metric tonne unit.
Key drivers

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


Alex Theo

December 06, 2019

11:35 GMT