IRON ORE DAILY: Seaborne prices inch up on rising futures

Seaborne iron ore prices experienced a slight uptick on Thursday December 19 amid ferrous futures gains in China.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $93.77 per tonne, up $0.57 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $92.86 per tonne, up $0.57 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $93.66 per tonne, up $0.54 per tonne.
58% Fe fines high-premium, cfr Qingdao: $80.95 per tonne, up $0.73 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $104.50 per tonne, up $0.80 per tonne.
62% Fe fines, fot Qingdao: 680 yuan per wet metric tonne (implied 62% Fe China Port Price: $89.07 per dry tonne), up 3 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2500 per dry metric tonne unit, down $0.0100 per dmtu
Key drivers

The benchmark May iron ore futures contract on the Dalian Commodity Exchange was largely flat during morning trading but picked...

Published

Alex Theo

December 19, 2019

11:32 GMT

Singapore