IRON ORE DAILY: Seaborne prices nudge higher on continued pre-holiday restocking by Chinese mills

Iron ore prices rebounded on Thursday September 24, aided by mills’ need to restock ahead of a holiday in China, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $114.67 per tonne, up $0.86 per tonne
62% Fe low-alumina fines, cfr Qingdao: $115.46 per tonne, up $0.05 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $107.75 per tonne, down $0.10 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $128.90 per tonne, up $1.70 per tonne
62% Fe fines, fot Qingdao: 892 yuan per wet metric tonne (implied 62% Fe China Port Price: $121.48 per dry tonne), down by 6 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian...

Published

Zihao Yu

September 24, 2020

11:35 GMT

Singapore