IRON ORE DAILY: Coronavirus fears linger, Chinese port inventories dip slightly

Seaborne iron ore prices were rangebound on Friday January 24 while the week-long Chinese New Year holiday starts, but market participants who were still working believe that the outlook is bearish with the ongoing fears of the coronavirus not being contained.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $93.71 per tonne, up $0.27 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $92.75 per tonne, up $0.27 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $94.94 per tonne, up $0.48 per tonne.
58% Fe fines high-premium, cfr Qingdao: $79.26 per tonne, unchanged.
65% Fe Brazil-origin fines, cfr Qingdao: $108, up $0.40 per tonne.

62% Fe fines, fot...

Published

Alex Theo

January 24, 2020

11:50 GMT

Singapore