IRON ORE DAILY: Prices mostly flat with limited trading

Iron ore seaborne prices stayed relatively stable on Tuesday December 1 due to less physical trading despite the rise in swaps, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $132.13 per tonne, up $0.50 per tonne
62% Fe low-alumina fines, cfr Qingdao: $131.90 per tonne, up $0.51 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $122.70 per tonne, down $0.42 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $144.40 per tonne, up $1.30 per tonne
62% Fe fines, fot Qingdao: 913 yuan per wet metric tonne (implied 62% Fe China Port Price: $128.55 per dry tonne), down by 3 yuan per wmt
Key drivers

After the downtrend during yesterday...

Published

Zihao Yu

December 01, 2020

11:48 GMT

Singapore