IRON ORE DAILY: Prices largely stable amid weak demand outlooks

Seaborne iron ore prices were largely stable on Monday October 25, but market sentiment was weak due to poor iron ore and steel demand outlooks, market sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $119.08 per tonne, down $0.44 per tonne
62% Fe low-alumina fines, cfr Qingdao: $120.48 per tonne, down $0.41 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $90.97 per tonne, down $1.41 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $139.90 per tonne, down $3.40 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2350 per dry metric tonne unit (dmtu), up $0.0250 per dmtu
62% Fe fines, fot Qingdao: 857 yuan per wet metric tonne (implied 62% Fe China Port Price: $124.16 per dry tonne), up by 2 yuan per wmt
Key drivers

The...

Published

Alice Li

October 25, 2021

11:40 GMT

Shanghai