Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $165.07 per tonne, down $4.09 per tonne
62% Fe low-alumina fines, cfr Qingdao: $166.19 per tonne, down $3.94 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $153.14 per tonne, down $3.43 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $189.20 per tonne, down $3.80 per tonne
62% Fe fines, fot Qingdao: 1162 yuan per wet metric tonne (
implied 62% Fe China Port Price: $167.35 per dry tonne), up by 1 yuan per wmt
Key drivers
The most-trade iron ore futures May contract on Dalian Commodity Exchange (DCE) decreased sharply in the afternoon and closed at the intra-day low level, ending down by 2.0% from Monday’s close price of 1,046.50 yuan ($162) per tonne.
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