IRON ORE DAILY: Prices rebound despite weak buying interest

September 08, 2021 / www.metalbulletin.com / Article Link

Seaborne iron ore prices rebounded on Tuesday September 7, although buying activity remained sluggish for mainstream iron ore fines, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $137.97 per tonne, up by $5.59 per tonne
62% Fe low-alumina fines, cfr Qingdao: $138.10 per tonne, up by $5.08 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $110.69 per tonne, up by $5.99 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $160.70 per tonne, up by $9.80 per tonne
62% Fe fines, fot Qingdao: 1,027 yuan per wet metric tonne (implied 62% Fe China Port Price: $147.82 per dry tonne), down by 1 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) began the day on an upward trend, ending up by 5.53% from Monday's closing price of 723 yuan ($112) per tonne.
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