IRON ORE DAILY: Prices mostly rangebound amid new emissions restrictions in Tangshan steelmaking hub

Iron ore prices were largely rangebound on Monday March 8 after fresh restrictions were announced for the steelmaking hub of Tangshan on Sunday evening, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $174.34 per tonne, up $0.23 per tonne
62% Fe low-alumina fines, cfr Qingdao: $174.63 per tonne, down $0.03 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $162.06 per tonne, up $0.96 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $198.40 per tonne, down $0.80 per tonne
62% Fe fines, fot Qingdao: 1187 yuan per wet metric tonne (implied 62% Fe China Port Price: $170.39 per dry tonne), up by 4 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5050 per dry metric tonne unit (dmtu), up $0.0050 per dmtu.
Key drivers

The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) was on an uptrend during...

Published

Alex Theo

March 08, 2021

11:29 GMT

Singapore