IRON ORE DAILY: Prices correct, but high-grade ore still strong

Seaborne iron ore prices went through corrections on Monday April 15, while prices for high-grade products remained robust, Fastmarkets has heard.

MB 62% Fe Iron Ore Index: $95.42 per tonne cfr Qingdao, down by $1.05 per tonne. MB 62% Fe Pilbara Blend Fines Index: $94.20 per tonne cfr Qingdao, down by $1.54 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $98.57 per tonne cfr Qingdao, up by $0.25 per tonne. MB 58% Fe Premium Index: $86.26 per tonne cfr Qingdao, up by $0.63 per tonne. MB 65% Fe Iron Ore Index: $109.70 per tonne cfr Qingdao, unchanged. MB 62% Fe China Port Price Index: 687 yuan per wet metric tonne (implied 62% Fe China Port Price $93.91 per dry tonne), up by 4 yuan per wmt. Key drivers While China’s futures and spot steel prices trended higher during the day, iron ore derivatives...

Published

July Zhang

April 15, 2019

14:22 GMT

Shanghai