IRON ORE DAILY: January cargoes of PB products trade at discount

Seaborne iron ore prices weakened further on Thursday December 26 with late-January-loading cargoes of Pilbara Blend materials traded at discounts to indices.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $90.63 per tonne, down $0.40 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $89.72 per tonne, down $0.40 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $90.61 per tonne, down $0.78 per tonne.
58% Fe fines high-premium, cfr Qingdao: $77.23 per tonne, down $0.65 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $101.90 per tonne, down $0.40 per tonne.
62% Fe fines, fot Qingdao: 667 yuan per wet metric tonne (implied 62% Fe China Port Price: $87.35 per dry tonne), down 8 yuan per wet metric tonne.
Key drivers
A joint cargo of Pilbara Blend fines and lump that is scheduled for loading the second half of January was traded on a trading platform against an index and overall discount of $0.20 per tonne in the morning.

Market...

Published

July Zhang

December 26, 2019

11:10 GMT

Shanghai