Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao:
$121.38 per tonne, down by $0.13 per tonne.
62% Fe low-alumina fines, cfr Qingdao:
$120.55 per tonne, down by $0.45 per tonne.
58% Fe fines high-grade premium, cfr Qingdao:
$106.10 per tonne, down by $0.41 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao:
$128.50 per tonne, up by $0.10 per tonne.
62% Fe fines, fot Qingdao:
917 yuan per wet metric tonne (implied 62% Fe China Port Price:
$122.46 per dry tonne), down by 1 yuan per wmt.
Market sources said that the reduction of congestion at ports could weaken the bullish market even though demand for iron ore remained strong.
“The China Iron & Steel Association [Cisa] has said that the congestion problem, due to the bad weather, should be solved by the end of the month… The expected...