IRON ORE DAILY: Prices steady as market awaits buyers’ next moves

Seaborne iron ore prices were largely steady on Monday February 24 following an upward trend last week, with market participants contemplating the direction of prices for this week.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $91.88 per tonne, down $0.37 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $92.82 per tonne, down $0.34 per tonne.
58% Fe fines high-premium, cfr Qingdao: $79.72 per tonne, down $0.02 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $105.50 per tonne, down $0.40 per tonne.
62% Fe fines, fot Qingdao: 689 yuan per wet metric tonne (implied 62% Fe China Port Price: $89.99 per dry tonne), up 16 yuan per wet metric tonne.
Key Drivers

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Published

Deepali Sharma

Karen Shi

February 24, 2020

11:36 GMT

Singapore