Iron ore prices firm further-Shanghai Metals Market

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Iron ore prices firm further

Industry News 10:27:08AM Jun 19, 2017 Source:Scrap Register

LONDON (Scrap Register): Iron ore prices firmed further on Friday as transactions took place at higher levels, according ti the Steel Index.

An Australian miner sold 62% Fe PB Fines over the globalORE platform at 55.25, as well as a shipment of PB Lumps on a floating price basis. 

Another Australian miner sold 60.8% Fe fines just above 50 as well as 61.2% Fe material on a floating price basis. On COREX, 61% Fe basis PB fines changed hands at 54.1, while 56.7% Fe Super Special fines traded 37.2. 

In China, port stock iron ore prices went up around RMB 5/t. Spot billet prices in Tangshan gained RMB 20 a ton. Spot rebar prices in Beijing rose RMB 15 a ton. 

The most active DCE iron ore contract rose 0.95% and SHFE rebar futures inched up 0.36%.

All prices US$/dmt CFR China unless otherwise stated

Key Words:  Iron ore prices  

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Oct.17
713.0
-28.0
(-3.78%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.17
93.1
-3.9
(-3.98%)
58% Fe Fines (Qingdao Port): IOPI58
Oct.17
626.0
-9.0
(-1.42%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.17
82.2
-1.3
(-1.55%)
65% Fe Fines (Qingdao Port): IOPI65
Oct.17
750.0
-28.0
(-3.60%)

Iron ore prices firm further

Industry News 10:27:08AM Jun 19, 2017 Source:Scrap Register

LONDON (Scrap Register): Iron ore prices firmed further on Friday as transactions took place at higher levels, according ti the Steel Index.

An Australian miner sold 62% Fe PB Fines over the globalORE platform at 55.25, as well as a shipment of PB Lumps on a floating price basis. 

Another Australian miner sold 60.8% Fe fines just above 50 as well as 61.2% Fe material on a floating price basis. On COREX, 61% Fe basis PB fines changed hands at 54.1, while 56.7% Fe Super Special fines traded 37.2. 

In China, port stock iron ore prices went up around RMB 5/t. Spot billet prices in Tangshan gained RMB 20 a ton. Spot rebar prices in Beijing rose RMB 15 a ton. 

The most active DCE iron ore contract rose 0.95% and SHFE rebar futures inched up 0.36%.

All prices US$/dmt CFR China unless otherwise stated

Key Words:  Iron ore prices