IRON ORE DAILY: Seaborne prices rangebound amid demand uncertainties

Seaborne iron ore prices were rangebound on Wednesday February 19 amid a murky short-term outlook for demand.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $90 per tonne, down $0.18 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $0.18 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $91.16 per tonne, down $0.04 per tonne.
58% Fe fines high-premium, cfr Qingdao: $77.65 per tonne, up $0.34 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $103.80, down $0.40 per tonne.
62% Fe fines, fot Qingdao: 654 yuan per wet metric tonne (implied 62% Fe China Port Price: $85.50 per dry tonne), up 1 yuan per wet metric tonne.
Key drivers

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Published

Alex Theo

February 19, 2020

11:22 GMT

Singapore