IRON ORE DAILY: Demand for low-grade fines slows amid firm demand for high-grade fines

Seaborne iron ore prices made largely rangebound movements on Wednesday April 14 except for the low-grade fines price, which fell amid weaker demand from steelmakers, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $173.54 per tonne, up $0.29 per tonne
62% Fe low-alumina fines, cfr Qingdao: $174.10 per tonne, down $0.03 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $152.91 per tonne, down $2.32 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $205 per tonne, down $0.20 per tonne
62% Fe fines, fot Qingdao: 1,171 yuan per wet metric tonne (implied 62% Fe China Port Price: $166.76 per dry tonne), up by 5 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5800 per dry metric tonne unit (dmtu), up $0.0050 per dmtu.
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) largely trended lower during the trading session, ending the day down by 1.1% from Tuesday’s close of 1,022.50 yuan ($156) per tonne....

Published

Alex Theo

April 14, 2021

11:45 GMT

Singapore