IRON ORE DAILY: Prices up amid bullish steel prices

Iron ore prices rose on Thursday June 10, on support from increasing steel prices, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $216.84 per tonne, up $4.17 per tonne
62% Fe low-alumina fines, cfr Qingdao: $219.04 per tonne, up $4.33 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $191.90 per tonne, up $4.02 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $246.10 per tonne, up $3.40 per tonne
62% Fe fines, fot Qingdao: 1,461 yuan per wet metric tonne (implied 62% Fe China Port Price: $214.47 per dry tonne), up by 7 yuan per wmt
Key drivers

Port Hedland in Australia exported 48 million tonnes of iron ore in May, an increase of just 0.4% year on year and 6.4% month on month. Iron ore shipments to China from the port totaled 40.2 million tonnes, down by 6.9% year...

Published

Zihao Yu

June 10, 2021

12:20 GMT

Singapore