IRON ORE DAILY: Mid-grade seaborne index crosses $95/t - first since mid-Sept

The mid-grade seaborne iron ore index rose past $95 per tonne on Monday January 6 for the first time since September 18 when it stood at $96.42 per tonne cfr China.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $95.61 per tonne, up $1.01 per tonne
62% Fe Pilbara Blend fines, cfr Qingdao: $94.70 per tonne, up $1.01 per tonne
62% Fe low-alumina fines, cfr Qingdao: $96 per tonne, up $1.02 per tonne
58% Fe fines high-premium, cfr Qingdao: $80.87 per tonne, up $0.17 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $106.60 per tonne, up $0.10 per tonne
62% Fe fines, fot Qingdao: 695 yuan per wet metric tonne (implied 62% Fe China Port Price: $91.53 per dry tonne), up 3 yuan per wet metric tonne.
Key drivers
Steelmakers' restocking - ahead of the upcoming one-week break for the late January Lunar New Year celebrations - has been lending support to seaborne iron ore prices.

“Iron ore prices have the potential to make further gains based on the twin impact of...

Published

Alex Theo

January 06, 2020

12:10 GMT

Singapore