IRON ORE DAILY: Seaborne prices largely flat amid limited liquidity

Iron ore prices were largely flat despite gain in futures on Wednesday July 28 due to the tight trading activity in the physical market, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $202.68 per tonne, up $0.11 per tonne
62% Fe low-alumina fines, cfr Qingdao: $203.08 per tonne, up $0.11 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $168.23 per tonne, up $1.94 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $234.20 per tonne, down $0.90 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4550 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 1,391 yuan per wet metric tonne (implied 62% Fe China Port Price: $200.36 per dry tonne), down by 10 yuan per wmt
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) held the uptrend from Tuesday night's trading session and fluctuated down slightly on Wednesday afternoon, ending up by 2.5% from Tuesday’s closing price...


Zihao Yu

July 28, 2021

11:22 GMT