IRON ORE DAILY: Prices continue to rise on active port trading

Iron ore prices increased on Monday October 11, with active trading continuing at ports in China following on from the end of the week-long National Day holiday on Friday, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao:  $135.03 per tonne, up $11.65 per tonne
62% Fe low-alumina fines, cfr Qingdao:  $139.10 per tonne, up $12.15 per tonne
58% Fe fines high-grade premium, cfr Qingdao:  $105.59 per tonne, up $9.73 per tonne
65% Fe Brazil-origin fines, cfr Qingdao:  $160.00 per tonne, up $13.90 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao:  $0.2300 per dry metric tonne unit (dmtu), up $0.0700 per dmtu
62% Fe fines, fot Qingdao: 926 yuan per wet metric tonne (implied 62% Fe China Port Price: $133.18 per dry tonne), up by 35 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) continued to climb after opening on Monday, ending...

Published

Zihao Yu

October 11, 2021

11:47 GMT

Singapore