IRON ORE DAILY: Seaborne iron ore prices down from high level

Seaborne iron ore prices mostly decreased on Monday June 1 after the surge on Friday May 29, with market participants waiting for a clear trend.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $100.45 per tonne, down $1.94 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $103.89 per tonne, down $1.11 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $91.93 per tonne, up $4.63 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $115 per tonne, dwon $0.30 per tonne.
62% Fe fines, fot Qingdao: 784 yuan per wet metric tonne (implied 62% Fe China Port Price: $101.34 per dry tonne), up 19 yuan per wmt.
Key drivers
The supply of iron ore from Brazil was still unclear while the market holds and awaits more information, sources said.

Published

Zihao Yu

June 01, 2020

12:56 GMT

Singapore