IRON ORE DAILY: Prices edge upward despite limited liquidity

Seaborne iron ore prices mostly edged upward on Tuesday June 15 despite limited liquidity and the downtrend in the financial markets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $221.87 per tonne, up by $1.10 per tonne
62% Fe low-alumina fines, cfr Qingdao: $223.09 per tonne, up by $1.47 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $194.60 per tonne, down by $0.62 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $250.80 per tonne, up by $1.60 per tonne
62% Fe fines, fot Qingdao: 1,515 yuan per wet metric tonne (implied 62% Fe China Port Price: $222.19 per dry tonne), up by 13 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased in the morning and recovered in the afternoon before ending down by 1.7% from last Friday’s closing price of 1,247 yuan ($195) per tonne.

The most-traded June iron ore forward-month swap contract on the...

Published

Min Li

June 15, 2021

12:05 GMT

Shanghai