IRON ORE DAILY: Seaborne prices largely rangebound despite removal of pollution curbs in Tangshan

Seaborne iron ore prices were largely rangebound on Tuesday December 17 despite pollution curbs being removed in Tangshan.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $94.07 per tonne, up $0.03 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $93.16 per tonne, up $0.03 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $93.95 per tonne, up $0.28 per tonne.
58% Fe fines high-premium, cfr Qingdao: $80.63 per tonne, down $0.98 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $103.80 per tonne, down $0.50 per tonne.
62% Fe fines, fot Qingdao: 676 yuan per wet metric tonne (implied 62% Fe China Port Price, $88.72 per dry tonne), down 8 yuan per wet metric tonne.
Key drivers

The benchmark May iron ore contract on the Dalian Commodity Exchange observed a dip in morning trading and remained largely flat for the remainder of the day, ending around 1.6% lower compared with the previous day’s settlement price....

Published

Alex Theo

December 17, 2019

12:10 GMT

Singapore