IRON ORE DAILY: Index for 63% Fe lump premium hits record high

Fastmarkets’ index of the 63% Fe Australia-origin lump ore premium, cfr Qingdao, hit a record-high on Wednesday June 9 amid strong activity on a trading platform.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $212.67 per tonne, up by $3.17 per tonne
62% Fe low-alumina fines, cfr Qingdao: $214.71 per tonne, up $2.90 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $187.88 per tonne, up by $5.01 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $242.70 per tonne, up by $2.90 per tonne
62% Fe fines, fot Qingdao: 1,454 yuan per wet metric tonne (implied 62% Fe China Port Price: $212.97 per dry tonne), up by 31 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.7000 per dry metric tonne unit (dmtu), down by $0.1500 per dmtu.
Key drivers
A cargo of Pilbara Blend lump (PBL) was traded on the Globalore platform at a “very strong” lump premium of $0.7000 per dmtu, according to market participants.

A trader...

Published

Alex Theo

June 09, 2021

12:15 GMT

Singapore