IRON ORE DAILY: Seaborne prices find support from downstream steel strength

Iron ore prices rose on Wednesday May 12 because of the strong price performance for steel products, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $237.57 per tonne, up $8.64 per tonne
62% Fe low-alumina fines, cfr Qingdao: $240.00 per tonne, up $10.19 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $207.22 per tonne, up $7.15 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $267.80 per tonne, up $7.20 per tonne
62% Fe fines, fot Qingdao: 1,673 yuan per wet metric tonne (implied 62% Fe China Port Price: $244.6 per dry tonne), up by 11 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4600 per dry metric tonne unit (dmtu), down $0.0300 per dmtu.
Key drivers

The most-traded September iron ore futures...

Published

Alex Theo

May 12, 2021

11:21 GMT

Singapore