IRON ORE DAILY: Seaborne prices up amid firm prices on platforms

Iron ore prices went up on Tuesday April 6 amid support from firmer prices traded on platforms but liquidity was still thin, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $170.90 per tonne, $2.42 per tonne
62% Fe low-alumina fines, cfr Qingdao: $171.00 per tonne, up $1.00 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $153.25 per tonne, up $0.91 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $199.30 per tonne, up $1.80 per tonne
62% Fe fines, fot Qingdao: 1,147 yuan per wet metric tonne (implied 62% Fe China Port Price: $162.85 per dry tonne), up by 16 yuan per wmt
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) trended downward over the day, ending down by 0.8% from last Friday’s closing price of 979 yuan...

Published

Alex Theo

April 06, 2021

11:24 GMT

Singapore