IRON ORE DAILY: Better sentiment, rising coal costs push iron ore prices upward

Iron ore prices rose on Wednesday June 23 amid improved sentiment because of the possible easing of blast furnace restrictions in China’s Tangshan province and the sharp rise in coal prices, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $216.01 per tonne, up by $1.69 per tonne
62% Fe low-alumina fines, cfr Qingdao: $219.34 per tonne, up by $3.34 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $184.45 per tonne, up by $2.74 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $251.80 per tonne, up by $2.60 per tonne
62% Fe fines, fot Qingdao: 1,502 yuan per wet metric tonne (implied 62% Fe China Port Price: $217.57 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) was largely flat in the morning session but began to show upward indications before the close, ending up by 2.9% from Tuesday’s...

Published

Alex Theo

June 23, 2021

13:30 GMT

Singapore