Iron ore prices rebounded on Friday August 20 from losses the day before, although demand from Chinese mills showed no sign of picking up and market participants remained cautious.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $140.44 per tonne, up by $7.78 per tonne
62% Fe low-alumina fines, cfr Qingdao: $141.15 per tonne, up by $7.85 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $108.80 per tonne, up by $5.34 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $158.50 per tonne, up by $6.00 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1850 per dry metric tonne unit (dmtu), down by $0.0100 per dmtu
62% Fe fines, fot Qingdao: 1,044 yuan per wet metric tonne (
implied 62% Fe China Port Price: $149.54 per dry tonne), down by 29 yuan per wmt.
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) maintained the uptrend on Friday morning from Thursday's late session, but fluctuated in the afternoon before...