IRON ORE DAILY: 65% Fe Brazil-origin fines index at historical high

Iron ore prices increased on Monday February 22 on support from an increase in steel prices, although emissions restrictions in Tangshan area are likely to restrict operations, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $175.96 per tonne, up $2.41 per tonne
62% Fe low-alumina fines, cfr Qingdao: $175.98 per tonne, up $1.98 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $162.78 per tonne, up $3.57 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $200.00 per tonne, up $2.80 per tonne
62% Fe fines, fot Qingdao: 1,200 yuan per wet metric tonne (implied 62% Fe China Port Price: $172.69 per dry tonne), up by 10 yuan per wmt
Key drivers

The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) surged after opening and at one point rested at a record high, but fluctuated down through the day, ending up by 2% from...

Published

Zihao Yu

February 22, 2021

11:55 GMT

Singapore