IRON ORE DAILY: Prices up despite emissions restrictions in Tangshan

Iron ore prices increased on Wednesday March 3 amid bullish steel prices and despite the emissions restrictions in Tangshan strengthening, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $176.40 per tonne, up $0.85 per tonne
62% Fe low-alumina fines, cfr Qingdao: $176.41 per tonne, up $0.71 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $162.52 per tonne, up $1.60 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $199.70 per tonne, up $0.90 per tonne
62% Fe fines, fot Qingdao: 1,199 yuan per wet metric tonne (implied 62% Fe China Port Price: $172.95 per dry tonne), up by 14 yuan per wmt
Key drivers

After the sharp surge in the morning, the most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased from the intra-day high and fluctuated around its...

Published

Zihao Yu

March 03, 2021

11:15 GMT

Singapore