IRON ORE DAILY: Prices rebound amid potential easing of Tangshan blast furnace restrictions

Iron ore prices rose on Tuesday June 22, and there was market chatter about the potential resumption of blast furnace operations and the easing of emissions restrictions in Tangshan, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $214.32 per tonne, up $6.17 per tonne
62% Fe low-alumina fines, cfr Qingdao: $216.00 per tonne, up $6 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $181.71 per tonne, up $6.18 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $249.20 per tonne, up $10.20 per tonne
62% Fe fines, fot Qingdao: 1,489 yuan per wet metric tonne (implied 62% Fe China Port Price: $215.89 per dry tonne), down by 9 yuan per wmt
Key drivers
There is market chatter about some large blast furnaces resuming operations in Tangshan, a trading source in Shanghai said.

Five steel mills in Tangshan may also be allowed to lower their...

Published

Zihao Yu

June 22, 2021

11:27 GMT

Singapore