IRON ORE DAILY: Prices rangebound, low-alumina ore outperforms

Physical iron ore prices were generally rangebound on Monday December 30, with low-alumina fines continuing to outperform.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $91.08 per tonne, down $0.43 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $90.17 per tonne, down $0.43 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $91.34 per tonne, down $0.31 per tonne.
58% Fe fines high-premium, cfr Qingdao: $78.19 per tonne, up $0.46 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $103 per tonne, up $0.30 per tonne. 
62% Fe fines, fot Qingdao: 673 yuan per wet metric tonne (implied 62% Fe China Port Price, $88.15 per dry tonne), up 1 yuan per wet metric tonne.
Key drivers
Iron ore derivatives on China’s Dalian Commodity Exchange and the Singapore Exchange recorded rangebound movments during the day.

Spot iron ore transaction prices at Chinese ports were largely stable for low and mid grade...


July Zhang

December 30, 2019

12:05 GMT