IRON ORE DAILY: Mid-grade fines prices dip despite tropical low approaching Pilbara
Iron ore prices for mid-grade fines dropped on Wednesday January 20 due to weak demand for steel despite the potential impact of tropical cyclone near West Australia on shipments, while high-grade fines gained on tight supply.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $170.55 per tonne, down $0.78 per tonne
62% Fe low-alumina fines, cfr Qingdao: $171.50 per tonne, down $0.10 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $157.82 per tonne, down $1.87 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $194.10 per tonne, up $1.60 per tonne
62% Fe fines, fot Qingdao: 1,164 yuan per wet metric tonne (implied 62% Fe China Port Price: $167.58 per dry tonne), down by 1 yuan per wmt
http://www.custeel.com/en/csi.jsp
65% Fe at US$194/t
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