IRON ORE DAILY: Viral outbreak clouds outlook for market

Trading activity in the seaborne iron ore market was muted on Tuesday January 28 with markets in China closed for a week-long public holiday for the Chinese New Year, which has been extended until Sunday in light of the coronavirus outbreak in the country.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $93.71 per tonne, unchanged
62% Fe Pilbara Blend fines, cfr Qingdao: $92.75 per tonne, unchanged
62% Fe low-alumina fines, cfr Qingdao: $94.94 per tonne, unchanged
58% Fe fines high-premium, cfr Qingdao: $79.26 per tonne, unchanged
65% Fe Brazil-origin fines, cfr Qingdao: $108, unchanged

62% Fe fines, fot Qingdao: 702 yuan per wet metric tonne (Implied 62% Fe China Port Price: $92.86 per dry tonne), unchanged...

China's gold holdings to central bank reserves still low

China has broad effect on gold market

Gold stocks mixed after previous week's huge gains

Large TSXV gold multiple driven up by high Artemis weighting

Monetary-driven precious metals outperform major base metals