IRON ORE DAILY: Seaborne prices strengthen amid derivative gains

Seaborne iron ore prices rose on Tuesday December 31 amid advances in derivatives markets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $92.13 per tonne, up $1.05 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $91.22 per tonne, up $1.05 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $92.54 per tonne, up $1.20 per tonne.
58% Fe fines high-premium, cfr Qingdao: $79.09 per tonne, up $0.90 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $103.70 per tonne, up $0.70 per tonne.
62% Fe fines, fot Qingdao: 678 yuan per wet metric tonne (implied 62% Fe China Port Price, $88.91 per dry tonne), up 5 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2400 per dry metric tonne unit, down $0.0100 per dmtu.
Key drivers

China’s steel and iron ore futures largely trended upward...

Published

July Zhang

December 31, 2019

11:55 GMT

Shanghai