IRON ORE DAILY: Seaborne prices see slight loss but some see support from possible mill restocking

Iron ore seaborne prices eased a little on Tuesday December 10, but some market participants remained optimistic that steel mills’ restocking will likely lend some support.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $93.57 per tonne, down $0.36 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $92.66 per tonne, down $0.36 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $93.48 per tonne, down $0.34 per tonne.
58% Fe fines high-premium, cfr Qingdao: $80.73 per tonne, down $0.01 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $103.80 per tonne, down $0.60 per tonne.
62% Fe fines, fot Qingdao: 683 yuan per wet metric tonne (implied 62% Fe China Port Price, $88.98 per dry tonne), up 4 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2550 per dry metric tonne unit, unchanged.
Key drivers

The benchmark May iron ore contract on the Dalian Commodity Exchange continued its upward climb during...

Published

Alex Theo

December 10, 2019

11:52 GMT

Singapore