IRON ORE DAILY: Seaborne prices up amid return of workforce in China

Seaborne iron ore prices were up on Monday February 17 amid the gradual return of workers after the extended Lunar New Year holiday in China.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $90.48 per tonne, up $1.81 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $89.81 per tonne, up $1.81 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $91.84 per tonne, up $2.05 per tonne.
58% Fe fines high-premium, cfr Qingdao: $77.82 per tonne, up $1.10 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $105.30, up $1.90 per tonne.
62% Fe fines, fot Qingdao: 644 yuan per wet metric tonne (implied 62% Fe China Port Price: $84.30 per dry tonne), up 4 yuan per wet metric tonne.
Key drivers
Market participants said the return of the workforce in various regions across China had lent some support to improving sentiment.

“There...

Published

Alex Theo

February 17, 2020

12:26 GMT

Singapore