IRON ORE DAILY: Prices up amid steel inventory decrease

Iron ore prices gained on Thursday November 26 on support from decreasing steel inventories, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $128.39 per tonne, up $0.98 per tonne
62% Fe low-alumina fines, cfr Qingdao: $128.10 per tonne, up $0.41 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $120.67 per tonne, up $1.43 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $141.40 per tonne, up $1.80 per tonne
62% Fe fines, fot Qingdao: 905 yuan per wet metric tonne (implied 62% Fe China Port Price: $127.43 per dry tonne), up by 7 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) maintained the...

Published

Zihao Yu

November 26, 2020

11:35 GMT

Singapore