IRON ORE DAILY: Seaborne prices rise amid steady production levels heard from mills

Iron ore seaborne prices were up on Wednesday December 11 as steel mills were heard to have kept production levels steady, prompting appetite for the raw material.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $94.67 per tonne, up $1.10 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $93.76 per tonne, up $1.10 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $94.19 per tonne, up $0.71 per tonne.
58% Fe fines high-premium, cfr Qingdao: $82.01 per tonne, up $1.28 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $105 per tonne, up $1.20 per tonne. 
62% Fe fines, fot Qingdao: 685 yuan per wet metric tonne (implied 62% Fe China Port Price, $89.22 per dry tonne), up 2 yuan per wet metric tonne.
Key drivers

The benchmark May iron ore contract on the Dalian Commodity Exchange saw some gains during the night trading session on...


Alex Theo

December 11, 2019

12:05 GMT