Iron ore prices up amid easing signals from China’s central bank

Iron ore prices went up on Monday November 22, supported by possible economic stimulus measures from the People’s Bank of China, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $95.63 per tonne, up $3.94 per tonne
62% Fe low-alumina fines, cfr Qingdao: $95.97 per tonne, up $3.37 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $68.18 per tonne, up $3.39 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $109.20 per tonne, up $3.30 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1000 per dry metric tonne unit (dmtu), down $0.0050 per dmtu
62% Fe fines, fot Qingdao: 604 yuan ($94.55) per wet metric tonne (implied 62% Fe China Port Price: $86.28 per dry tonne), up by 23 yuan per wmt
Key drivers

The most-traded January iron ore futures...

Published

Zihao Yu

November 22, 2021

11:54 GMT

Singapore