IRON ORE DAILY: Seaborne prices in panic rise after fatality at FMG site in Western Australia

Seaborne iron ore prices increased on Thursday September 30, after reports of a fatality at Fortescue Metals Group’s (FMG) Solomon Hub in Western Australia, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao:
$119.23 per tonne, up $5.10 per tonne
62% Fe low-alumina fines, cfr Qingdao: $121.94 per tonne, up $6.92 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $91.06 per tonne, up $6.00 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $141.20 per tonne, up $2.90 per tonne
62% Fe fines, fot Qingdao: 877 yuan per wet metric tonne (implied 62% Fe China Port Price: $125.55 per dry tonne), up by 21 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) was on an upward trend, ending the session up...

Published

Alex Theo

September 30, 2021

12:12 GMT

Singapore