IRON ORE DAILY: Seaborne iron ore prices inch down amid China’s twin sessions

Seaborne iron ore prices dipped slightly on Friday May 22 with the opening of China’s twin sessions, in which, for the first time since 1994, no gross domestic product growth target was set by the Chinese government.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $97.65 per tonne, down $0.61 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $100.28 per tonne, down $1.35 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $85.15 per tonne, down $0.72 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $113.10 per tonne, down $0.70 per tonne.
62% Fe fines, fot Qingdao: 752 yuan per wet metric tonne (implied 62% Fe China Port Price: $97.36 per dry tonne), up 7 yuan per wmt.
Key drivers

The National People’s Congress of the People’s Republic of China and the Chinese People’s Political Consultative Conference, also known as...

Published

Zihao Yu

May 22, 2020

12:07 GMT

Singapore