IRON ORE DAILY: Seaborne prices mostly up after China’s Labor Day holiday

The seaborne iron ore market uptrend resumed on Wednesday May 6 due to more active trading after Chinese market participants returned from the Labor Day holiday on May 1-5.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $84.35 per tonne, up $0.31 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $86.24 per tonne, down $0.46 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $72.81 per tonne, up $0.68 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $102.30 per tonne, up $0.60 per tonne.
62% Fe fines, fot Qingdao: 679 yuan per wet metric tonne (implied 62% Fe China Port Price: $88.07 per dry tonne), up 10 yuan per wmt.
Key drivers

The Dalian Commodity Exchange restarted...

Published

Zihao Yu

May 06, 2020

13:24 GMT

Singapore