IRON ORE DAILY: Seaborne prices nudge up despite mixed sentiment

Seaborne iron ore prices were mostly stable on Wednesday November 25, with mill margins still healthy despite mixed expectations on steel demand, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $127.41 per tonne, down $0.01 per tonne
62% Fe low-alumina fines, cfr Qingdao: $127.69 per tonne, up $0.02 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $119.24 per tonne, up $0.67 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $139.60 per tonne, up $0.60 per tonne
62% Fe fines, fot Qingdao: 898 yuan per wet metric tonne (implied 62% Fe China Port Price: $126.38 per dry tonne), down by 6 yuan per wmt
Key drivers

The most-traded...


Zihao Yu

November 25, 2020

12:17 GMT