IRON ORE DAILY: SGX 65% Fe contract sets new monthly traded record

The Singapore Exchange’s (SGX) 65% Fe iron ore derivatives contract – which is settled against Fastmarkets’ daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao – set a new record for traded volumes at 5.9 million tonnes so far in January, according to SGX published data on Thursday January 21.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $171.51 per tonne, up $0.96 per tonne
62% Fe low-alumina fines, cfr Qingdao: $172.26 per tonne, up $0.76 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $158.24 per tonne, up $0.42 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $194.70 per tonne, up $0.60 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.3700 per dry metric tonne unit (dmtu), up $0.0050 per dmtu.
62% Fe fines, fot Qingdao: 1,168 yuan per wet metric tonne (implied 62% Fe China Port Price: $168.46 per dry tonne), up by 4 yuan per wmt
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Published

Alex Theo

January 21, 2021

11:45 GMT

Singapore