IRON ORE DAILY: Seaborne prices stay at high levels supported by active trading

Seaborne iron ore prices were mostly flat at a high price level on Wednesday June 3 with the seaborne market continuing to be active in low-grade and mid-grade iron-ore fines trading, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $101.22 per tonne, down $0.10 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $104 per tonne, down $0.13 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $89.55 per tonne, down $2.04 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $114.50 per tonne, down $0.20 per tonne.
62% Fe fines, fot Qingdao: 787 yuan per wet metric tonne (implied 62% Fe China Port Price: $102.13 per dry tonne), unchanged in yuan.
Key drivers

A trading source in southern China said the low alumina brands from Brazil were still in tight supply and their prices were high, resulting a large spread between the 62%...

Published

Zihao Yu

June 03, 2020

12:16 GMT

Singapore