IRON ORE DAILY: Prices surge on steel demand recovery after holiday

January 05, 2021 / www.metalbulletin.com / Article Link

Seaborne prices climbed on Monday January 4, supported by firm demand in steel and positive sentiment after the New Year holiday, according to sources.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $165.29 per tonne, up $4.82 per tonne
62% Fe low-alumina fines, cfr Qingdao: $166.00 per tonne, up $4.58 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $149.63 per tonne, unchanged 
65% Fe Brazil-origin fines, cfr Qingdao: $181.50 per tonne, up $7.80 per tonne
62% Fe fines, fot Qingdao: 1,114 yuan per wet metric tonne (implied 62% Fe China Port Price: $159.02 per dry tonne), down by 2 yuan per wmt
Key drivers

The most-traded iron ore futures May contract on the Dalian Commodity Exchange (DCE) was largely flat during the morning, but...

Recent News

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com

China has broad effect on gold market

September 30, 2024 / www.canadianminingreport.com

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok