IRON ORE DAILY: Seaborne prices buck upward trend amid weaker demand

Seaborne iron ore prices eased on Wednesday April 28 amid weaker demand, especially at Chinese ports, according to market sources.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $192.52 per tonne, down $2.79 per tonne
62% Fe low-alumina fines, cfr Qingdao: $194.23 per tonne, down $2.12 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $169.86 per tonne, up $0.95 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $226.60 per tonne, down $1.20 per tonne
62% Fe fines, fot Qingdao: 1,315 yuan per wet metric tonne (implied 62% Fe China Port Price: $189.67 per dry tonne), up by 3 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5550 per dry metric tonne unit (dmtu), down $0.0150 per dmtu.
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange...

Published

Alex Theo

April 28, 2021

11:20 GMT

Singapore