IRON ORE DAILY: Seaborne prices up despite mixed sentiment; lump demand strong
Iron ore prices trended up on Friday January 15 despite mixed market sentiment but demand for iron ore lump is firm on active trading at the Chinese portside, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $173.69 per tonne, up $1.33 per tonne
62% Fe low-alumina fines, cfr Qingdao: $174.13 per tonne, up $1.35 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $159.69 per tonne, up $1.51 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $194.90 per tonne, up $0.60 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.3450 per dry metric tonne unit (dmtu), down $0.0150 per dmtu.
62% Fe fines, fot Qingdao: 1161 yuan per wet metric tonne (implied 62% Fe China Port Price: $167.47 per dry tonne), up by 4 yuan per wmt
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65% Fe at US$195
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