IRON ORE DAILY: Seaborne iron ore prices broadly up on firmer prices in steel segment

Sentiment in the seaborne iron ore market improved on Wednesday January 27 because of an uptick in prices for steel products, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $166.59 per tonne, up $1.52 per tonne
62% Fe low-alumina fines, cfr Qingdao: $166.65 per tonne, up $0.46 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $152.22 per tonne, down $0.92 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $190.20 per tonne, up $1.00 per tonne
62% Fe fines, fot Qingdao: 1,156 yuan per wet metric tonne (implied 62% Fe China Port Price: $166.81 per dry tonne), down by 6 yuan per wmt
Key drivers

The most-traded iron ore futures May contract on the Dalian Commodity Exchange (DCE) spiked just before the close of the Tuesday...

Published

Alex Theo

January 27, 2021

11:20 GMT

Singapore