IRON ORE DAILY: Futures prices up, port trading active in stable market

Seaborne iron ore prices were stable on Thursday April 2, with futures prices on the Dalian Commodity Exchange and Singapore Exchange registering gains, and active physical trading in the Chinese port market.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $83.72 per tonne, up $1.23 per tonne
62% Fe low-alumina fines, cfr Qingdao: $84.63 per tonne, up $0.83 per tone
58% Fe fines high-grade premium, cfr Qingdao: $71.71 per tonne, up $0.23 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $97.80 per tonne, up $0.50 per tonne.
62% Fe fines, fot Qingdao: 645 yuan per wet metric tonne (62% Fe China Port Price: $83.20 per dry tonne), down 9 yuan per wmt.
Key drivers
May-delivery 62% Fe Pilbara Blend fines can still fetch a premium of $2.10-2.20 per tonne this week, indicating a stable market, trading sources said.

Published

Karen Shi

Zihao Yu

April 02, 2020

13:00 GMT

Singapore