Iron ore prices stable amid weak demand in seaborne market

Seaborne iron ore prices were largely unchanged on Thursday November 25, with demand from traders and steel mills remaining weak in the spot market, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $102.35 per tonne, down $0.40 per tonne
62% Fe low-alumina fines, cfr Qingdao: $103.36 per tonne, down $0.49 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $74.91 per tonne, up $2.88 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $117.90 per tonne, up $1.00 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1350 per dry metric tonne unit (dmtu), up $0.0350 per dmtu
62% Fe fines, fot Qingdao: 669 yuan per wet metric tonne (implied 62% Fe China Port Price: $95.88 per dry tonne), up by 3 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange moved up in the morning session on Thursday, before stabilizing in the afternoon and ending the...

Published

Alice Li

November 25, 2021

11:34 GMT

Shanghai