IRON ORE DAILY: Brazilian fines prices gain amid supply jitters

Iron ore Carajas (IOCJ) and Brazilian blended fines (BRBF) transactions took place at higher prices on Friday January 17, in anticipation of limited supplies of both brands in February-March, traders told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $97.58 per tonne, up $1.22 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $96.62 per tonne, up $1.22 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $98.10 per tonne, up $0.90 per tonne.
58% Fe fines high-premium, cfr Qingdao: $82.85 per tonne, up $1.07 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $110.70 up $1.50 per tonne.
62% Fe fines, fot Qingdao: 700 yuan per wet metric tonne (implied 62% Fe China Port Price: $93.34 per dry tonne), unchanged.
Key drivers

In the spot market, a cargo of IOCJ was transacted on the Global Ore trading platform at a firmer price, up $0.70 per tonne cfr from $110 per tonne cfr on Tuesday. In addition, a cargo of BRBF also exchanged hands on the...


Alex Theo

January 17, 2020

12:14 GMT