January 2021

IRON ORE DAILY: China’s virus control measures curb price sentiment

Iron ore prices fell on Friday January 22 due to a negative near-term outlook following the introduction of stronger measures to control the resurgence of Covid-19 cases in China.

Vale eases Asia pellet drought with Vargem Grande restart

Vale resumed operations at its pelletizing plant in Vargem Grande, Nova Lima, Brazil, on Wednesday January 20, it said on Thursday January 21.

IN CASE YOU MISSED IT: 5 key stories from January 21

Here are five Fastmarkets stories you might have missed on Thursday January 21 that are worth another look.

Tailings storage facilities still pose huge threat of harm, RMF says

As many as one-third of the current global portfolio of tailings storage facilities (TSFs) are impaired and in need of urgent intervention, according to the Switzerland-based Responsible Mining Foundation (RMF).

IRON ORE DAILY: SGX 65% Fe contract sets new monthly traded record

The Singapore Exchange’s (SGX) 65% Fe iron ore derivatives contract – which is settled against Fastmarkets’ daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao – set a new record for traded volumes at 5.9 million tonnes so far in January, according to SGX published data on Thursday January 21.

IN CASE YOU MISSED IT: 5 key stories from January 20

Here are five Fastmarkets stories you might have missed on Wednesday January 20 that are worth another look.

Vale says iron ore sales unaffected by fire in port terminal

Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port terminal last week, in the country’s northern Maranhão state.

IRON ORE DAILY: Mid-grade fines prices dip despite tropical low approaching Pilbara

Iron ore prices for mid-grade fines dropped on Wednesday January 20 due to weak demand for steel despite the potential impact of tropical cyclone near West Australia on shipments, while high-grade fines gained on tight supply.

AT A GLANCE: BHP revises iron ore guidance for FY2021 upward, rolls over met coal forecast

A summary of BHP’s latest operational review for iron ore and metallurgical coal released on Wednesday January 20.

Iron ore supply concerns arise with tropical low approaching Pilbara coast

Meteorologists have predicted a category 1 or 2 cyclone to reach the Pilbara coast of Western Australia as early as Friday January 22, which could affect iron ore shipments, sources said.