June 2020

IRON ORE DAILY: 62% Fe fines index continues losing while others recover

Seaborne iron ore prices have fluctuated at current levels amid increasing Chinese manufacturing PMI, which is helping market sentiment to recover, sources said.

IN CASE YOU MISSED IT: 5 key stories from June 29

Here are five Fastmarkets stories you might have missed on Monday June 29 that are worth another look.

HOTTER ON METALS: Mining’s bad reputation

The mining industry does a huge amount of good for local communities, to say nothing of its essential contribution to society through the materials it produces. Unfortunately, it all too often manages to give itself a bad name, worsening negative perceptions of the sector through accidents, spills and a failure to act as a steward of the environments in which it operates.

IRON ORE DAILY: 62% Fe fines index falls below $100/t for first time in three weeks

Seaborne iron ore prices fell on Monday June 29 due to a weak demand outlook, reflecting heavy rainfall in several parts of China and fresh pollution control restrictions imposed on mills in Tangshan for the month of July.

Prices for seaborne iron ore concentrate, pellets fall amid Chinese holiday

Trading activity for seaborne iron ore concentrate and pellets was limited last week due to Chinese holidays on Thursday and Friday.

BETTING ON BLOCKCHAIN: BHP, Baowu complete first iron ore trade on MineHub platform

Mining company BHP Group and steel producer China Baowu Steel Group have completed their first iron ore trade on MineHub Technologies Inc’s blockchain-based platform.

IRON ORE DAILY: Seaborne market quiet during Chinese holiday

Seaborne iron ore prices were stable on Friday June 26 due to China’s absence from the market during the Dragon Boat Festival holidays, with no visible trading activity seen on platforms or in spot market.

RESEARCH: Key takeaways from the latest Steel Raw Materials Market Tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

IRON ORE DAILY: Seaborne prices flat amid Chinese holiday

Seaborne iron ore prices were flat on Thursday June 25 amid a public holiday in China to mark the Dragon Boat Festival.

IRON ORE DAILY: Seaborne prices up amid active trading before Chinese holidays

Seaborne iron ore prices rebounded on Wednesday June 24 amid active trading ahead of the Chinese Dragon Boat Festival holidays from June 25-27.