December 2016

IRON ORE PRICES: Benchmark index drops below $79 per tonne

Iron ore prices fell below $79 per tonne cfr China on Friday December 30 while iron ore futures also tumbled ahead of the New Year holiday season.

China AM: Futures soft amid physical dips

China’s steel and iron ore futures by and large retreated during morning trading on the last trading day of 2016, amid a soft physical market.

IRON ORE PRICES: Benchmark index stays around $80 per tonne

Metal Bulletin’s indices for iron ore prices showed opposite movements on Thursday December 29, with the 62% Fe index falling slightly and the 58% Fe index rising by an even smaller amount.

China AM: Futures mixed amid lack of clear direction

China’s ferrous futures were mixed during morning trading on Thursday December 29, amid an absence of clear market direction.

IRON ORE PRICES: Benchmark index nears $81 per tonne

Iron ore prices rose to almost $81 per tonne cfr China on Wednesday December 28.

China AM: Futures largely up as market stabilises

China’s ferrous futures generally continued to strengthen during morning trading on Wednesday December 28, after a rebound on Tuesday afternoon that stabilised sentiment.

IRON ORE PRICES: Benchmark index rises to $79 cfr China

Iron ore prices rose on Tuesday December 27 to $79 per tonne cfr China as miners sold seaborne cargoes at higher prices after iron ore futures rebounded.

China AM: Futures gain despite billet retreat

China’s ferrous futures advanced during morning trading on Tuesday December 27, despite further losses in billet prices.