IRON ORE DAILY: Fixed-price seaborne deals indicate better sentiment

Iron ore prices were rangebound on Friday January 10, although two fixed-price deals implied better risk appetite in the market, sources said.

62% Fe fines, cfr Qingdao: $93.92 per tonne, down $0.45 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $92.96 per tonne, down $0.50 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $95.03 per tonne, down $0.19 per tonne.
58% Fe fines high-premium, cfr Qingdao: $80.24 per tonne, down $0.24 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $106.70 per tonne, down $0.40 per tonne.
62% Fe fines, fot Qingdao: 687 yuan per wet metric tonne (implied 62% Fe China Port Price: $90.60 per dry tonne), unchanged.
Key drivers

China’s steel and iron ore futures recorded rangebound movement during the day, while the February 62% Fe contract on the Singapore Exchange retreated to as low as $91.40 per tonne at around 3.40pm, compared with the...

Published

July Zhang

January 10, 2020

12:00 GMT

Shanghai