IRON ORE DAILY: Prices up amid active trading

Iron ore prices went up on Thursday June 17, supported by improved liquidity in the physical markets, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $220.82 per tonne, up $6.74 per tonne
62% Fe low-alumina fines, cfr Qingdao: $222.01 per tonne, up $5.46 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $188.48 per tonne, up $3.56 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $251.50 per tonne, up $6.50 per tonne
62% Fe fines, fot Qingdao: 1,514 yuan per wet metric tonne (implied 62% Fe China Port Price: $222.03 per dry tonne), up by 1 yuan per wmt
Key drivers
A trading source in northern China told Fastmarkets that underground iron ore mining in certain cities in Shandong province - including Weifang, Linyi and Zaozhuang - had been ordered to stop until early/mid July, due to official concerns that supplies of domestic iron ore could be contributing to the improved trading liquidity especially at Chinese ports.

Published

Zihao Yu

June 17, 2021

11:53 GMT

Singapore