IRON ORE DAILY: Limited demand ahead of five-day holiday in China

Seaborne iron ore prices fell on Friday April 30 in a quiet market ahead of the May 1-5 Labor Day public holiday in China.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $188.85 per tonne, down $2.75 per tonne
62% Fe low-alumina fines, cfr Qingdao: $190.01 per tonne, down $3.42 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $161.53 per tonne, down $4.31 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $222.50 per tonne, down $2.80 per tonne
62% Fe fines, fot Qingdao: 1,309 yuan per wet metric tonne (implied 62% Fe China Port Price: $189.10 per dry tonne), down by 12 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.53 per dry metric tonne unit (dmtu), down $0.005 per dmtu.
Key drivers

The most-traded September...

Published

Alex Theo

April 30, 2021

11:13 GMT

Singapore