Iron ore prices continue uptrend despite new emissions restrictions in China

Iron ore prices increased again on Wednesday November 24, in spite of tougher emissions restrictions in China's Tangshan city, in the expectation that steel production would continue to act as support, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $102.75 per tonne, up $2.92 per tonne
62% Fe low-alumina fines, cfr Qingdao: $103.85 per tonne, up $3.63 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $76.37 per tonne, up $4.34 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $116.90 per tonne, up $3.10 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1000 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 666 yuan per wet metric tonne (implied 62% Fe China Port Price: $95.58 per dry tonne), up by 9 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) continued to rise on Wednesday, ending up by 5% from Tuesday’s closing...

Published

Zihao Yu

November 24, 2021

11:10 GMT

Singapore