IRON ORE DAILY: Seaborne prices rise on Australian cyclone concerns

Seaborne iron ore prices rose on Monday January 13 amid concerns that shipments from Australia would be disrupted by another cyclone.

62% Fe fines, cfr Qingdao: $95.93 per tonne, up $2.01 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $94.97 per tonne, up $2.01 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $96.20 per tonne, up $1.17 per tonne.
58% Fe fines high-premium, cfr Qingdao: $81.19 per tonne, up $0.95 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $107.50 per tonne, up $0.80 per tonne.
62% Fe fines, fot Qingdao: 689 yuan per wet metric tonne (implied 62% Fe China Port Price: $90.60 per dry tonne), up 2 yuan per wet metric tonne.
Key drivers
Tropical Cyclone Claudia has strengthened on its way southwest toward the coast of Western Australia and has led to the clearance of ships at Walcott and Dampier ports. This could affect iron ore loading and shipments, according to sources.

Cyclone Claudia follows the fading...

Published

July Zhang

January 13, 2020

12:15 GMT

Shanghai