IRON ORE DAILY: Prices stable amid increase in replenishment activity

Iron ore prices remained mostly stable on Tuesday January 12, supported by mills replenishing their stocks ahead of the Chinese New Year holiday in mid-February, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $172.67 per tonne, up $0.54 per tonne
62% Fe low-alumina fines, cfr Qingdao: $173.00 per tonne, up $0.75 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $157.70 per tonne, down $0.17 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $193.60 per tonne, down $0.10 per tonne
62% Fe fines, fot Qingdao: 1163 yuan per wet metric tonne (implied 62% Fe China Port Price: $167.53 per dry tonne), down by 1 yuan per wmt
Key drivers

The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) rebounded today...


Zihao Yu

January 12, 2021

11:16 GMT