IRON ORE DAILY: Prices down amid Tangshan sintering restrictions

Prices for iron ore fines went down on Tuesday August 25, with market sources saying that the restrictions on sintering in the Tangshan area of northern China have affected demand expectations.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $122.99 per tonne, down by $2.24 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $121.20 per tonne, down by $3.58 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $109.59 per tonne, down by $1.62 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $131.50 per tonne, down by $2.10 per tonne.
62% Fe fines, fot Qingdao: 957 yuan per wet metric tonne (implied 62% Fe China Port Price: $128.37 per dry tonne), up by 1 yuan per wmt.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0450 per dry metric tonne unit (dmtu), up by $0.0100 per dmtu.
Key drivers

The iron ore futures market continued on a downtrend for a fifth trading day on the Dalian Commodity Exchange (DCE), where the value of the most-traded January futures contract decreased...

Published

Zihao Yu

August 25, 2020

11:50 GMT

Singapore