December 2020

Q4 iron ore DR pellet premium flat but will double in Q1 with lower Q2 correction

The premium for direct-reduced (DR) iron ore pellet for the fourth quarter of 2020 was unchanged at $24 per tonne, but it will double in the first quarter of 2021 with a possible downward correction in the second quarter of 2021, sources told Fastmarkets.

PRICING NOTICE: Correction to iron ore implied pellet premium over 65% Fe Brazil-origin fines

Fastmarkets has corrected its weekly iron ore implied pellet premium over 65% Fe Brazil-origin fines index, which was published incorrectly on Thursday December 31 due to a calculation error.

PRICING NOTICE: Correction to iron ore 65% Fe Brazil-origin fines index

Fastmarkets has corrected its daily iron ore 65% Fe Brazil-origin fines index, which was published incorrectly on Thursday December 31 due to a calculation error.

IRON ORE DAILY: Slight uptick in seaborne prices despite little trading

Seaborne iron ore prices made a slight increase on Thursday December 31 despite a quiet trading day, sources said.

IRON ORE DAILY: Seaborne prices dip on weak sentiment; demand buoys lump premium

Seaborne iron ore prices fell on Wednesday December 30 amid weakened market sentiment while the iron ore lump premium made more gains amid increased demand over winter, sources said.

IRON ORE DAILY: Cold wave cools down trading sentiment

Seaborne iron ore prices declined again on Tuesday December 29 due to the cold wave in China suppressing operations at ports and leading to weakened steel demand, sources said.

IN CASE YOU MISSED IT: 5 key stories from December 28

Here are five Fastmarkets stories you might have missed on Monday December 28 that are worth another look.

IRON ORE DAILY: Prices down amid weekend decrease in steel prices

Seaborne iron ore prices declined on Monday December 28 due to a downtrend in steel prices over the weekend and cold-weather concerns in China, sources said.

Seaborne iron ore concentrate, pellet prices surge on solid demand

Prices for seaborne iron ore concentrate and pellets picked up more upward momentum in the week ended Friday December 25 on strong demand from Chinese steelmakers.

IRON ORE DAILY: Prices move up again on decrease in steel inventories

Iron ore prices began to rise again on Thursday December 24, sources said, supported by falling steel inventories in China.