DAILY: China’s portside iron ore stable, seaborne up
Sep 26, 2019 19:34
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China’s iron ore prices for port inventories and seaborne cargoes diverged on September 26, with Mysteel’s 62% Australian iron ore fines price index remaining stable at Yuan 742/wmt ($104.05/wmt) on day FOT Qingdao, including the 13% VAT.
For seaborne markets however, Mysteel assessed the 62% Fe Australian Iron Ore Index at $90.80/dmt CFR Qingdao and the 62% Fe Iron Ore Low Alumina Index at $88.75/dmt CFR Qingdao, higher by $1.60/dmt and $0.55/dmt respectively on day from Wednesday’s price.
On Thursday, the trading of iron ore port inventories was