IRON ORE DAILY: Prices stable as bullish sentiment eases

Activity in the seaborne iron ore market fell flat on Wednesday August 5, with sources saying that trading eased off because of a lack of clear market information, which left prices stable.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $118.10 per tonne, up by $0.22 per tonne
62% Fe low-alumina fines, cfr Qingdao: $118.34 per tonne, up by $0.04 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $103.15 per tonne, up by $0.37 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $127.10 per tonne, up by $0.20 per tonne
62% Fe fines, fot Qingdao: 900 yuan per wet metric tonne (implied 62% Fe China Port Price: $119.42 per dry tonne), up by 14 yuan per wmt
Key drivers
The iron ore futures market inched downward at the close on the Dalian Commodity Exchange, where, after a day of ups and downs, the most-traded September futures contract ended on a decrease of 0.22% after an upward surge earlier in the week.

Meanwhile, iron ore swaps on the Singapore Exchange showed...

Published

Zihao Yu

August 05, 2020

11:55 GMT

Singapore