IRON ORE DAILY: Futures ride weekend steel price gains

Iron ore futures rose on Monday August 31 due to a surge in steel prices over the weekend, but the physical market for the steelmaking raw material was largely stable.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $124.47 per tonne, up $0.10 per tonne
62% Fe low-alumina fines, cfr Qingdao: $124.21 per tonne, up $0.05 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $109.94 per tonne, up $0.31 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $137.30 per tonne, up $1.50 per tonne
62% Fe fines, fot Qingdao: 954 yuan per wet metric tonne (implied 62% Fe China Port Price: $129.10 per dry tonne), up by 3 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0700 per dry metric tonne unit (dmtu), up $0.0050 per dmtu
Key drivers

The most-traded January iron ore futures...

Published

Zihao Yu

August 31, 2020

11:30 GMT

Singapore