IRON ORE DAILY: Seaborne prices up despite sintering restrictions in Tangshan [CORRECTED]

Iron ore prices pushed up on Tuesday June 8, despite sintering restrictions being imposed on steelmakers in China's steelmaking hub Tangshan, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $209.50 per tonne, up $7.08 per tonne
62% Fe low-alumina fines, cfr Qingdao: $211.81 per tonne, up $7.63 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $182.87 per tonne, up $5.88 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $239.80 per tonne, up $6.70 per tonne
62% Fe fines, fot Qingdao: 1,423 yuan per wet metric tonne (Implied 62% Fe China Port Price: $208.33 per dry tonne), up by 1 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5500 per dry metric tonne unit (dmtu), down $0.0400 per dmtu.
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) was trending upward during trading on Tuesday, ending the session up by 2.8% from Monday’s closing price of 1,118 yuan ($175)...

Published

Alex Theo

June 10, 2021

06:30 GMT

Singapore