IRON ORE DAILY: Prices up after Vale lowers 2020 production guidance

Iron ore prices rose again on Thursday December 3 amid further short-term supply shortage concerns due to the decrease in Vale’s 2020 production guidance, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $137.08 per tonne, up $0.79 per tonne
62% Fe low-alumina fines, cfr Qingdao: $136.98 per tonne, up $1.18 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $125.72 per tonne, up $1.23 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $149.50 per tonne, up $1.40 per tonne
62% Fe fines, fot Qingdao: 928 yuan per wet metric tonne (implied 62% Fe China Port Price: $131.19 per dry tonne), unchanged
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fell in the morning session but rebounded back steadily and closed at a...

Published

Zihao Yu

December 03, 2020

11:36 GMT

Singapore