IRON ORE DAILY: Seaborne prices driven up by sharp gains in futures, swaps

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

Iron ore prices increased across the board on Thursday February 4, after sharp gains in futures on the Dalian Commodity Exchange (DCE) and in swaps contracts on the Singapore Exchange (SGX), sources told Fastmarkets.

Fastmarkets iron ore indices 
62% Fe fines, cfr Qingdao: $158.03 per tonne, up $5.38 per tonne
62% Fe low-alumina fines, cfr Qingdao: $158.61 per tonne, up $5.71 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $144.56 per tonne, up $5.58 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $181.70 per tonne, up $6.20 per tonne
62% Fe fines, fot Qingdao: 1082 yuan per wet metric tonne (implied 62% Fe China Port Price: $155.99 per dry tonne), up by 20 yuan per wmt
Key drivers

The most-traded iron ore futures May contract on the DCE started the morning trading session largely flat but increased sharply towards the close, eventually...

Recent News

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com

Gold stocks down in risk-on shift

December 08, 2025 / www.canadianminingreport.com

Gold stocks rocket on metal rebound and equities jump

December 01, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok