IRON ORE DAILY: Indices hit fresh historical highs

Fresh political tensions between China and Australia, along with strong steel prices, lent support to the sharp increases in seaborne iron ore prices on Thursday May 6, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $201.88 per tonne, up $9.34 per tonne
62% Fe low-alumina fines, cfr Qingdao: $202.87 per tonne, up $8.66 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $175.72 per tonne, up $7.27 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $234.70 per tonne, up $7.70 per tonne
62% Fe fines, fot Qingdao: 1,359 yuan per wet metric tonne (implied 62% Fe China Port Price: $196.61 per dry tonne), up by 50 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5400 per dry metric tonne unit (dmtu), up $0.0100 per dmtu.
Key drivers

On Thursday, China's National Development and Reform Commission, the country's economic planning agency, said it has...

Published

Alex Theo

Min Li

May 06, 2021

11:57 GMT

Singapore