IRON ORE DAILY: Prices rise slightly on derivative gains, port stocks fall

Seaborne iron ore prices rose moderately on Friday December 13 amid gains in the derivatives market and the persistent decline in port stockpiles in China.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $94.63 per tonne, up $0.61 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $93.72 per tonne, up $0.61 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $94.35 per tonne, up $0.72 per tonne.
58% Fe fines high-premium, cfr Qingdao: $81.40 per tonne, up $0.01 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $104.50 per tonne, up $0.40 per tonne.
62% Fe fines, fot Qingdao: 683 yuan per wet metric tonne (implied 62% Fe China Port Price, $89.13 per dry tonne), up 1 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2600 per dry metric tonne unit, up $0.0050 per dry metric tonne unit.
Key drivers

Iron ore stockpiles at 45 major ports in China declined for a third consecutive week to 123.08...

Published

July Zhang

December 13, 2019

12:39 GMT

Shanghai