IRON ORE DAILY: Viral outbreak clouds outlook for market

Trading activity in the seaborne iron ore market was muted on Tuesday January 28 with markets in China closed for a week-long public holiday for the Chinese New Year, which has been extended until Sunday in light of the coronavirus outbreak in the country.

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

62% Fe fines, fot Qingdao: 702 yuan per wet metric tonne (Implied 62% Fe China Port Price: $92.86 per dry tonne), unchanged...

Published

Deepali Sharma

January 28, 2020

10:45 GMT

Singapore