IRON ORE DAILY: Seaborne prices rangebound in quiet market

Seaborne iron ore prices were rangebound on Wednesday January 22 amid limited overall activity in the market.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $96.68 per tonne, down $0.12 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $95.72 per tonne, down $0.12 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $97.86 per tonne, up $0.03 per tonne.
58% Fe fines high-premium, cfr Qingdao: $81.76 per tonne, down $0.26 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $111.80 down $0.10 per tonne.
62% Fe fines, fot Qingdao: 702 yuan per wet metric tonne (implied 62% Fe China Port Price: $93.48 per dry tonne), unchanged.
Key drivers

Most market participants were already absent because of the...

Published

Alex Theo

January 22, 2020

11:15 GMT

Singapore