IRON ORE DAILY: Strong steel gains support seaborne iron ore prices

Seaborne iron ore prices rose on Friday November 20 due to a rise in steel product prices, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $128.83 per tonne, up $0.94 per tonne
62% Fe low-alumina fines, cfr Qingdao: $129.29 per tonne, up $0.93 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $118.69 per tonne, up $0.99 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $140.50 per tonne, up $0.80 per tonne
62% Fe fines, fot Qingdao: 909 yuan per wet metric tonne (implied 62% Fe China Port Price: $128.02 per dry tonne), unchanged
Key drivers

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Published

Alex Theo

November 20, 2020

11:45 GMT

Singapore