IRON ORE DAILY: Seaborne prices halt downtrend amid rising steel prices

Iron ore prices went up on Thursday April 1, largely due to support from rising steel prices, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $167.60 per tonne, up $2.45 per tonne
62% Fe low-alumina fines, cfr Qingdao: $168.52 per tonne, up $1.94 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $150.19 per tonne, up $3.20 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $197.10 per tonne, up $3.00 per tonne
62% Fe fines, fot Qingdao: 1131 yuan per wet metric tonne (implied 62% Fe China Port Price: $160.91 per dry tonne), up by 5 yuan per wmt
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) trended upward throughout the session...

Published

Alex Theo

April 01, 2021

11:38 GMT

Singapore