IRON ORE DAILY: High-grade fines perform despite futures dip

Iron ore prices mostly declined on Monday January 11 along with futures, however, high-grade fines performed well due to tight supply, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $172.13 per tonne, down $0.93 per tonne
62% Fe low-alumina fines, cfr Qingdao: $172.25 per tonne, down $1.08 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $157.87 per tonne, down $0.76 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $193.70 per tonne, up $1.70 per tonne
62% Fe fines, fot Qingdao: 1,164 yuan per wet metric tonne (implied 62% Fe China Port Price: $167.76 per dry tonne), up by 1 yuan per wmt
Key drivers

The most-traded May iron ore futures contract on Dalian Commodity Exchange (DCE) rose slightly after opening but fluctuated throughout the day, ending down by 2% from...

Published

Zihao Yu

January 11, 2021

11:35 GMT

Singapore