Iron ore price, page-10919

On Thursday, Platts 62% Benchmark was up US$3 or 3.57%.

Platts 58% High AL was up 3.64% or US$2.45.
Platts 58% Low AL was up 3.15% or US$2.40.

Still a healthy increase for 58% IOs.

MySteel IO Benchmarks for 15/3/2019:
- 62% Australian Fines RMB 638, unchanged, month average 630.4
- 58% Australian Fines RMB 578, up 3, month average 580.1 (Discount 8%)
- 65% Brazilan Fines RMB 707, unchanged, month average 711.9

Here are IO port prices for 15/3/219:

1. Qingtao Port:
- PB Fines 630, unchanged
- FMG BF 580, up 5 (Discount 7.9%)
- FMG SSF 525, up 3 (Discount 16.7%)

2. Rizhao Port:
- PB Fines 630, unchanged
- FMG BF 580, up 5
- FMG SSF 525, up 3

3. Caofeidian Port:
- PB Fines 633, down 1
- FMG BF 580, up 5
- FMG SSF 525, unchanged

4. Tianjin Port:
- PB Fines 638, down 4
- FMG BF 590, up 5
- FMG SSF 541, unchanged

5. Taicang Port:
- PB Fines 644, unchanged
- FMG BF 597, up 5
- FMG SSF 548, up 3

These prices are supplied by MySteel. Both FMG BF and SSF have gain prices from the day before. There are clear evidence FMG's IO are popular ATM.

According to MySteel, total IO port transactions for 15/3/2019 is 0.52MT, down 14.61% from day before.

Last week, daily average was 0.8174MT.
Last Month, daily average was 0.7977MT.

Chinese Construction Steel volume sold today totaled 0.192MT, up 0.0185MT from day before.

On 15/3/2019, Chinese 45 IO Ports Inventory total 147.7MT up 0.2435MT.

DYOR
Frank