IRON ORE DAILY: Prices continue to rise amid decline in port inventories

Iron ore prices increased further on Friday November 27, supported by declining port inventories and strong demand for steel, sources told Fastmarkets,

Fastmarkets iron ore indices 
62% Fe fines, cfr Qingdao: $129.62 per tonne, up $1.23 per tonne
62% Fe low-alumina fines, cfr Qingdao: $129.84 per tonne, up $1.74 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $121.38 per tonne, up $0.71 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $141.60 per tonne, up $0.20 per tonne
62% Fe fines, fot Qingdao: 913 yuan per wet metric tonne (implied 62% Fe China Port Price: $128.71 per dry tonne), up by 8 yuan per wmt
Key drivers

The most-traded January iron ore futures...

Published

Zihao Yu

November 27, 2020

11:20 GMT

Singapore