Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao:
$125.23 per tonne, down by $2.15 per tonne.
62% Fe low-alumina fines, cfr Qingdao:
$124.78 per tonne, down by $1.93 per tonne.
58% Fe fines high-grade premium, cfr Qingdao:
$111.21 per tonne, down by $2.05 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao:
$133.60 per tonne, down by $1.90 per tonne.
62% Fe fines, fot Qingdao:
956 yuan per wet metric tonne (implied 62% Fe China Port Price
: $128.25 per dry tonne), unchanged.
The market seems to have “cooled off from all the hype” last week, according to a Singapore-based trader.
Some traders believed the cause of the limited trading activity to be the earlier implementation of new processes...