IRON ORE DAILY: Mid-grade seaborne prices dip amid competitive port materials

Seaborne prices for mid-grade iron ore came under some pressure on Wednesday December 18, with steelmakers in China continuing to show a preference for materials sold at Chinese ports.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $93.20 per tonne, down $0.87 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $92.29 per tonne, down $0.87 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $93.12 per tonne, down $0.83 per tonne.
58% Fe fines high-premium, cfr Qingdao: $80.22 per tonne, down $0.41 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $103.70 per tonne, down $0.10 per tonne.
62% Fe fines, fot Qingdao: 677 yuan per wet metric tonne (implied 62% Fe China Port Price: $88.66 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, unchanged....

Published

Alex Theo

December 18, 2019

11:10 GMT

Singapore