IRON ORE DAILY: Seaborne prices tick upward on healthy demand, upcoming maintenance

Seaborne iron ore prices showed slight upticks on Wednesday August 12 with firm support from a healthy appetite for the raw material among steelmakers, according to trade sources.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $121.51 per tonne, up by $0.42 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $121.00 per tonne, up by $0.55 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $106.51 per tonne, up by $0.69 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $128.40 per tonne, up by $0.30 per tonne.
62% Fe fines, fot Qingdao: 918 yuan per wet metric tonne (implied 62% Fe China Port Price: $122.40 per dry tonne), down by 4 yuan per wmt.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0450 per dry metric tonne unit (dmtu), down by $0.0150 per dmtu
Key drivers

Brazilian iron ore shipments have been recovering, market sources said, with...

Published

Alex Theo

August 12, 2020

12:52 GMT

Singapore