IRON ORE DAILY: Seaborne prices buck downtrend amid firm buying interest

January 30, 2021 / www.metalbulletin.com / Article Link

Seaborne iron ore prices were up on Friday January 29 amid firmer buying interest, market sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $158.54 per tonne, up $1.12 per tonne
62% Fe low-alumina fines, cfr Qingdao: $159.05 per tonne, up $1.05 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $144.95 per tonne, up $1.14 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $182.60 per tonne, up $0.50 per tonne
62% Fe fines, fot Qingdao: 1,120 yuan per wet metric tonne (implied 62% Fe China Port Price: $161.52 per dry tonne), down by 15 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.3900 per dry metric tonne unit (dmtu), up $0.0050 per dmtu.
Key drivers

The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) traded largely flat for the entire session, eventually closing 0.5% higher compared with Thursday's close price of 985.50 yuan ($152) per...

Recent News

Canada second most significant player in global mining M&A

July 22, 2024 / www.canadianminingreport.com

Plenty of potential for continued rotation out of tech

July 22, 2024 / www.canadianminingreport.com

Platinum to palladium ratio low, platinum to gold high, versus history

July 15, 2024 / www.canadianminingreport.com

Gold stocks up on metal and equities gains

July 15, 2024 / www.canadianminingreport.com

Most major metals rebound on potential global monetary easing

July 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok