IRON ORE DAILY: Prices rise despite concerns over likelihood of further restrictions on steelmaking in China

By July Zhang / September 18, 2018 / www.metalbulletin.com / Article Link

Physical iron ore was trading at higher prices on Tuesday September 18, following on from a much stronger performance in the paper market.

Metal Bulletin 62% Fe Iron Ore Index: $69.82 per tonne cfr Qingdao, up by $1.68 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $68.85 per tonne cfr Qingdao, up by $1.68 per tonne.Metal Bulletin 62% Fe Iron Ore Index Low Alumina: $75.40 per tonne cfr Qingdao, up by $1.08 per tonneMetal Bulletin 58% Fe Premium Index: $56.07 per tonne cfr Qingdao, down $1.02 per tonne.Metal Bulletin 65% Fe Iron Ore Index: $96.50 per tonne cfr Qingdao, up $0.10 per tonne.Metal Bulletin 62% Fe China Port Price Index: 514 yuan per wet metric tonne (implied 62% Fe China Port Price $65.93 per dry tonne), up 3 yuan per wmt. Key driversChina's ferrous futures gained across the board during the day, with the benchmark iron ore contract ending the...

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