Iron ore fines prices gained ground on Wednesday August 19 with healthy demand continuing, sources said, while the decrease in China domestic iron ore production in July could help push prices up.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $129.09 per tonne, up $0.52 per tonne
62% Fe low-alumina fines, cfr Qingdao: $128.39 per tonne, up $1.31 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $114.55 per tonne, up $1.40 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $136.70 per tonne, up $1.90 per tonne
62% Fe fines, fot Qingdao: 957 yuan per wet metric tonne (
implied 62% Fe China Port Price: $128.33 per dry tonne), up by 15 yuan per wmt
Key drivers
The iron ore futures market closed at a loss compared to Tuesday on the Dalian Commodity Exchange, after the most-traded January futures contract decreased by 0.7%.
Iron ore swaps in the Singapore Exchange (SGX), however, continued their uptrend and went up by over $1 per tonne for the forward-month contracts as of 6pm.
Sources said...