IRON ORE DAILY: Seaborne prices rebound amid strong steel market

Seaborne iron ore prices rebounded on Thursday May 21 with active trading driven by improving steel production and demand, despite renewed concerns over supplies from Brazil.

Fastmarkets iron ore indices 
62% Fe fines, cfr Qingdao: $98.26 per tonne, up $1.31 per tonne. 
62% Fe low-alumina fines, cfr Qingdao: $101.63 per tonne, up $2.09 per tonne. 
58% Fe fines high-grade premium, cfr Qingdao: $85.87 per tonne, up $1.82 per tonne. 
65% Fe Brazil-origin fines, cfr Qingdao: $113.80 per tonne, up $1.30 per tonne. 
62% Fe fines, fot Qingdao: 745 yuan per wet metric tonne (implied 62% Fe China Port Price: $96.55 per dry tonne), up 5 yuan per wmt.
Key drivers

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Published

Zihao Yu

May 21, 2020

13:15 GMT

Singapore