IRON ORE DAILY: Low-grade fines gain amid demand recovery

Iron ore physical prices rose on Wednesday June 2, while low-grade fines increased on buying interest from Chinese steel mills, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $209.19 per tonne, up $0.52 per tonne
62% Fe low-alumina fines, cfr Qingdao: $211.50 per tonne, up $0.46 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $182.30 per tonne, up $1.30 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $240.00 per tonne, up $0.10 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4850 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 1,447 yuan per wet metric tonne (implied 62% Fe China Port Price: $212.69 per dry tonne), up by 16 yuan per wmt
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated around the same level as the previous day's close on Wednesday before ending the day down by...

Published

Zihao Yu

June 02, 2021

11:58 GMT

Singapore