IRON ORE DAILY: Prices up despite weak demand outlook

Seaborne iron ore prices corrected upward on Friday October 22 after a sharp decrease on Thursday amid continuous bearish outlook for iron ore demand.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $119.52 per tonne, up $2.59 per tonne
62% Fe low-alumina fines, cfr Qingdao: $120.89 per tonne, up $2.21 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $92.38 per tonne, up $3.40 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $143.30 per tonne, up $1.50 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2100 per dry metric tonne unit (dmtu), unchanged $0.0000 per dmtu
62% Fe fines, fot Qingdao: 855 yuan per wet metric tonne (implied 62% Fe China Port Price: $123.56 per dry tonne), down by 13 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated on the day and ended up by...

Published

Alice Li

October 22, 2021

11:54 GMT

Shanghai