IRON ORE DAILY: Active trading, strong futures gains prompt surge in seaborne prices

July 30, 2020 / www.metalbulletin.com / Article Link

Seaborne iron ore prices were up on Wednesday July 29 in an active day on trading platforms, with gains observed in the futures markets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $110.57 per tonne, up $3.91 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $112.98 per tonne, up $3.19 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $97.41 per tonne, up $1.86 per tonne. 
65% Fe Brazil-origin fines, cfr Qingdao: $122.50 per tonne, up $3.10 per tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0650 per dry metric tonne unit (dmtu), up $0.0050 per dmtu
62% Fe fines, fot Qingdao: 859 yuan per wet metric tonne (implied 62% Fe China Port Price: $113.56 per dry tonne), up by 6 yuan per wmt
Key drivers
There was active trading on both Globalore and Beijing Iron Ore Trading Center platforms, signaling increased demand for iron ore fines, according to trade sources.

"Looks like demand for [iron ore] fines is healthy...

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok