IRON ORE DAILY: Seaborne prices dip further after downturn in futures

Seaborne iron prices fell further on Wednesday December 23, in response to the downtrend in futures and rising rebar inventories in northern China.

Fastmarkets iron ore indices 
62% Fe fines, cfr Qingdao: $162.03 per tonne, down $2.50 per tonne
62% Fe low-alumina fines, cfr Qingdao: $162.36 per tonne, down $2.71 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $151.54 per tonne, down $3.41 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $175.70 per tonne, down $2.50 per tonne
62% Fe fines, fot Qingdao:  1,147 yuan per wet metric tonne (implied 62% Fe China Port Price: $163.51 per dry tonne), down by 24 yuan per wmt
Key drivers

The iron ore futures on the Dalian Commodity Exchange (DCE) went down further. The most-trade May contract...

Published

Zihao Yu

December 23, 2020

11:54 GMT

Singapore