IRON ORE DAILY: Mid-grade seaborne price cross $90/tonne, Chinese futures see huge gains

The mid-grade seaborne price rose above the $90-per-tonne mark on Monday December 9, for the first time since November 25, while Chinese futures saw strong gains on the Dalian Commodity Exchange.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $93.93 per tonne, up $4.87 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $93.02 per tonne, up $4.87 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $93.82 per tonne, up $5.27 per tonne.
58% Fe fines high-premium, cfr Qingdao: $80.74 per tonne, up $3.93 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $104.40 per tonne, up $4.20 per tonne.
62% Fe fines, fot Qingdao: 679 yuan per wet metric tonne (implied 62% Fe China Port Price, $88.44 per dry tonne), up 15 yuan per wet metric tonne.
Key drivers

The benchmark May iron ore contract on the Dalian Commodity Exchange surged at the start of morning trading on Monday and continued its...

Published

Alex Theo

December 09, 2019

12:08 GMT

Singapore