IRON ORE DAILY: Seaborne prices rangebound amid low liquidity

Seaborne iron ore prices were largely unchanged due to a lack of liquidity in the market on Friday April 16, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $178.43 per tonne, up $0.02 per tonne
62% Fe low-alumina fines, cfr Qingdao: $178.56 per tonne, down $0.12 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $153.58 per tonne, up $0.73 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $211.10 per tonne, unchanged $0.00 per tonne
62% Fe fines, fot Qingdao: 1,202 yuan per wet metric tonne (implied 62% Fe China Port Price: $171.82 per dry tonne), up by 17 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5750 per dry metric tonne unit (dmtu), down $0.0150 per dmtu.
Key drivers

The most-traded September iron ore futures contract...

Published

Alex Theo

April 16, 2021

11:33 GMT

Singapore