IRON ORE DAILY: Prices gain slightly, sentiment still bearish

August 07, 2021 / www.metalbulletin.com / Article Link

Iron ore prices increased slightly on Friday August 6 after a slump on Thursday, although overall sentiment remains bearish, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $172.51 per tonne, up $0.96 per tonne
62% Fe low-alumina fines, cfr Qingdao: $173.53 per tonne, up $0.77 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $139.23 per tonne, up $2.95 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $203.30 per tonne, down $0.20 per tonne
62% Fe fines, fot Qingdao: 1,248 yuan per wet metric tonne (implied 62% Fe China Port Price: $180.45 per dry tonne), unchanged
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated in Thursday night's session, increased on Friday morning but dropped in the afternoon session before finally closing up by 0.7% from Thursday's close of 888.50 yuan ($137) per tonne.

The most-traded September iron ore forward-month swap contract on the Singapore Exchange (SGX) also...

Recent News

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com

US$ and bonds not the safe havens normally expected

April 14, 2025 / www.canadianminingreport.com

Crash driven by tech and highly cyclical sectors

April 07, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok