IRON ORE DAILY: Brazil iron ore supply disruptions affect product spreads

The seaborne iron ore market has been bolstered on Tuesday March 10 amid concerns over supply constraints from Brazil and positive expectation for steel demand in March and April.

Fastmarkets iron ore indices 
62% Fe fines, cfr Qingdao: $92.09 per tonne, up $4.13 per tonne. 
62% Fe low-alumina fines, cfr Qingdao: $93.40 per tonne, up $4.13 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $80.49 per tonne, up 3.36 per tonne. 
65% Fe Brazil-origin fines, cfr Qingdao: $107.10 per tonne, up 4.2 per tonne
62% Fe fines, fot Qingdao: 664 yuan per wet metric tonne (62% Fe China Port Price: $87.57 per dry tonne), up 15 yuan per wmt.
Key drivers

Brazilian iron ore and steel producer Companhia Siderúrgica Nacional (CSN) said last week that heavy rain has affected iron ore volumes from its operations...

Published

Karen Shi

March 10, 2020

11:25 GMT

Shanghai