IRON ORE DAILY: Index-linked prices edge up for some Australian fines

By July Zhang / September 10, 2018 / www.metalbulletin.com / Article Link

Physical iron ore trading was lackluster on Monday September 10, although some index-linked cargoes of Australian fines were traded at slightly improved prices.

Metal Bulletin 62% Fe Iron Ore Index: $67.81 per tonne cfr Qingdao, down by $0.67 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $66.84 per tonne cfr Qingdao, down by $0.67 per tonne.Metal Bulletin 62% Fe Iron Ore Index Low Alumina: $74.62 per tonne cfr Qingdao, down by $0.20 per tonneMetal Bulletin 58% Fe Premium Index: $55.99 per tonne cfr Qingdao, up $0.35 per tonne.Metal Bulletin 65% Fe Iron Ore Index: $96.40 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe China Port Price Index: 515 yuan per wet metric tonne (implied 62% Fe China Port Price $66.06 per dry tonne), down by 1 yuan per wmt.Key driversChina's iron ore futures prices fell during the day despite gains in rebar contracts.And spot iron ore prices at Chinese ports stayed rangebound amid muted trading.There were no tenders...

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