IRON ORE DAILY: Indices reach record highs

Iron ore prices surged on Wednesday December 2, supported by concerns over supply shortages in the first quarter of 2021, and some futures prices on the Dalian Commodity Exchange (DCE) closed at seven-year highs, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $136.29 per tonne, up $4.16 per tonne
62% Fe low-alumina fines, cfr Qingdao: $135.80 per tonne, up $3.90 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $124.49 per tonne, up $1.79 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $148.10 per tonne, up $3.70 per tonne
62% Fe fines, fot Qingdao: 928 yuan per wet metric tonne (implied 62% Fe China Port Price: $130.93 per dry tonne), up by 15 yuan per wmt

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Published

Zihao Yu

December 02, 2020

12:19 GMT

Singapore