Iron Ore market remains quiet this week

Jul 10, 2017 10:08

A relatively quiet end of the Iron Ore market to the week, but with a somewhat firmer tone, according to the Steel Index.

UNITED KINGDOM July 07 2017 6:44 PM

LONDON (Scrap Register): A relatively quiet end of the Iron Ore market to the week, but with a somewhat firmer tone, according to the Steel Index.

Paper markets moved higher by around a dollar or slightly more as a large jump in the on-shore DCE iron ore futures (up 3.43%) bolstered sentiment.

Portside iron ore traded higher by around RMB 5-10/wmt. An Australian miner held a tender for 61% Fe PB Fines which concluded around 60 cents higher than a similar trade yesterday.

On the COREX platform a Brazilian miner sold 65% Fe fines at 80.5 as well as a shipment of BRBF on a floating price basis.

Super Special Fines traded at 41 on the same platform. Rebar futures in Shanghai were up by just over 1%. Have a nice weekend.

All prices US$/dmt CFR China unless otherwise stated.

Iron Ore prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Iron Ore market remains quiet this week

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025