CIA champion iron limited
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65% Fe at US$255/t

  1. sam0408
    2,207 Posts.
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    05/07/21
    23:46
    Post #: 54301141

    IRON ORE DAILY: Prices reverse downtrend on easing of restrictions in Tangshan

    Iron ore prices were up on Monday July 5 with market sentiment improving because of the easing of restrictions in China’s steelmaking hub of Tangshan, sources told Fastmarkets.

    Fastmarkets iron ore indices
    62% Fe fines, cfr Qingdao: $221.82 per tonne, up by $3.84 per tonne
    62% Fe low-alumina fines, cfr Qingdao: $223.14 per tonne, up by $3.57 per tonne
    58% Fe fines high-grade premium, cfr Qingdao: $184.28 per tonne, up by $3.92 per tonne
    65% Fe Brazil-origin fines, cfr Qingdao: $255.50 per tonne, up by $3.90 per tonne
    62% Fe fines, fot Qingdao: 1,516 yuan per wet metric tonne (implied 62% Fe China Port Price: $219.74 per dry tonne), up by 9 yuan per wmt

    CIA Price at posting: $6.46 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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