August 2020

IRON ORE DAILY: Fines trading in physical market active due to low port inventories [CORRECTED]

Iron ore fines prices held steady in the physical market on active trading on Monday August 17, largely due to low mid-grade fines port inventories in China and despite a decrease in Dalian Commodity Exchange futures values, sources told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from August 17

Here are five Fastmarkets stories you might have missed on Monday August 17 that are worth another look.

Vale to expand iron ore production capacity in Carajás region by 20 million tpy

The board of directors of Brazil-based miner Vale has approve a project to expand capacity in the miner’s Serra Sul iron ore site, in the country’s northern Carajás region, by 20 million tonnes to 120 million tonnes per year.

Seaborne iron ore pellets shine amid active trading

Prices for seaborne iron ore pellets strengthened in the week ended Friday August 14 while those for concentrate edged up.

IRON ORE DAILY: Lump oversupply at Chinese ports weigh on lump premiums

The high inventory of iron ore lumps at the Chinese ports signals a lack of appetite for the direct charge raw material, prompting the lump premium to ease, trade sources said.

AT A GLANCE: Lower iron ore prices hurt LKAB's Q2 performance

A summary of Swedish state-owned iron-ore producer LKAB’s financial results for the second quarter - April 1-June 30 - of 2020.

IRON ORE DAILY: Mid-grade fines prices dip, port congestion eases

Prices for mid-grades of iron ore went down on Thursday August 13 with the expectation of an easing of the cargo congestion at ports in China, sources have told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from August 12

Here are five Fastmarkets stories you might have missed on Wednesday August 12 that are worth another look.

IRON ORE DAILY: Seaborne prices tick upward on healthy demand, upcoming maintenance

Seaborne iron ore prices showed slight upticks on Wednesday August 12 with firm support from a healthy appetite for the raw material among steelmakers, according to trade sources.

ABN Amro quits commodity finance in major restructuring

ABN Amro will end its financing activities of commodity clients globally, it said on Wednesday August 12.