IRON ORE DAILY: Seaborne market depressed by higher prices

Iron ore prices pushed up on Wednesday April 7, chasing previous increments in steel prices but depressing seaborne activity, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $173.63 per tonne, up $2.73 per tonne
62% Fe low-alumina fines, cfr Qingdao: $174.16 per tonne, up $3.16 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $154.65 per tonne, up $1.40 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $202.60 per tonne, up $3.30 per tonne
62% Fe fines, fot Qingdao: 1,150 yuan per wet metric tonne (implied 62% Fe China Port Price: $163.82 per dry tonne), up by 3 yuan per wmt
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) initially dropped on Wednesday,...

Published

Zihao Yu

April 07, 2021

12:42 GMT

Singapore