January 2020

IRON ORE DAILY: Fixed-price seaborne deals indicate better sentiment

Iron ore prices were rangebound on Friday January 10, although two fixed-price deals implied better risk appetite in the market, sources said.

IRON ORE DAILY: Prices sink on faded restocking, steel inventory jump

Physical iron ore prices fell on Thursday January 9 following derivatives losses amid paused restocking from Chinese mills and a big increase in steel inventories.

IRON ORE DAILY: Mill restocking supports seaborne price rises

Seaborne iron ore index increased on Wednesday January 8, after steelmakers in China started restocking activities.

Liquidity spikes for SGX 65% Fe iron ore contract

The Singapore Exchange’s (SGX’s) 65% Fe iron ore futures experiencing a surge in interest, with 10,430 lots - or 1.043 million tonnes - of the contract being cleared by Tuesday January 7.

IN CASE YOU MISSED IT: 5 key stories from January 7

Here are five Fastmarkets MB stories you might have missed on Tuesday January 7 that are worth another look.

IRON ORE DAILY: 65% Fe index up in anticipation of firm demand from steel mills [CORRECTED]

The high-grade seaborne iron ore index rose to $107.30 per tonne cfr on Tuesday January 7, with market participants attributing the increase to healthy demand from steelmakers in China.

2020 PREVIEW: Profitability to continue driving feedstock procurement strategies of Chinese steel mills

Despite environmental issues being on the agenda, including the announced switch from the basic oxygen furnace (BOF)- to electric arc furnace (EAF)-based steelmaking process, profitability has been and will likely remain the key driver for Chinese steelmakers when it comes to choosing steelmaking raw materials, Fastmarkets analysts forecast.

IRON ORE DAILY: Mid-grade seaborne index crosses $95/t - first since mid-Sept

The mid-grade seaborne iron ore index rose past $95 per tonne on Monday January 6 for the first time since September 18 when it stood at $96.42 per tonne cfr China.

Seaborne iron ore concentrate, pellet prices up amid strong demand for high grades

Seaborne iron ore concentrate and pellet prices strengthened last week in line with gains in the wider market for the steelmaking raw material, especially the high-grade segment, amid strong demand from Chinese mills coupled with restrictions on sintering.

IN CASE YOU MISSED IT: 5 key stories from January 3

Here are five Fastmarkets MB stories you might have missed on Friday January 3 that are worth another look.