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...

Recent News

Gold stocks down along with broad equities decline

November 04, 2024 / www.canadianminingreport.com

Big Gold still undervalued overall versus Big Tech

November 04, 2024 / www.canadianminingreport.com

Junior gold stocks outperform in sector pullback

October 28, 2024 / canadianminingreport.com

Global mining M&A on track for similar levels to 2023

October 28, 2024 / www.canadianminingreport.com

Gold ETF inflows at four-year highs

October 21, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok