IRON ORE DAILY: Low-grade iron ore attracts buyers amid falling coke prices

Iron ore prices increased on Friday February 26, with low-grade iron ore fines rising fast due to lower coke prices, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $175.78 per tonne, up $1.54 per tonne
62% Fe low-alumina fines, cfr Qingdao: $176.27 per tonne, up $1.57 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $161.74 per tonne, up $1.68 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $199.40 per tonne, up $1.60 per tonne
62% Fe fines, fot Qingdao: 1195 yuan per wet metric tonne (implied 62% Fe China Port Price: $172.84 per dry tonne), up by 5 yuan per wmt
Key drivers

The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) increased steadily through the day, ending up by 1.8% from Thursday’s closing price of...

Published

Zihao Yu

February 26, 2021

10:59 GMT

Singapore