IRON ORE DAILY: Prices up amid positive demand expectation after Chinese New Year

February 10, 2021 / www.metalbulletin.com / Article Link

Iron ore prices pushed up on Tuesday February 9, supported by the expectation of a positive outlook for demand after the Chinese New Year holiday, sources told Fastmarkets.

Fastmarkets iron ore indices 
62% Fe fines, cfr Qingdao: $164.10 per tonne, up $3.60 per tonne
62% Fe low-alumina fines, cfr Qingdao: $164.46 per tonne, up $3.66 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $149.46 per tonne, up $3.01 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $187.30 per tonne, up $2.60 per tonne
62% Fe fines, fot Qingdao: 1140 yuan per wet metric tonne (implied 62% Fe China Port Price: $164.77 per dry tonne), up by 18 yuan per wmt
Key drivers

The most-traded May iron ore futures contract...

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