IRON ORE DAILY: Carajas fines trade at new record high

Seaborne iron ore prices rose further on Friday May 7 with continuing support from bullish steel prices, refreshing the iron ore indices’ record highs again.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $212.25 per tonne, up by $10.37 per tonne
62% Fe low-alumina fines, cfr Qingdao: $214.20 per tonne, up by $11.33 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $185.29 per tonne, up by $9.57 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $243.60 per tonne, up by $8.90 per tonne
62% Fe fines, fot Qingdao: 1,422 yuan per wet metric tonne (implied 62% Fe China Port Price: $205.93 per dry tonne), up by 63 yuan per wmt.
Key drivers

China imported 98.57 million tonnes of iron ore in April 2021, up by 3% from 95.71 million tonnes in the corresponding month a year earlier, according to Chinese customs data released on...

Published

Zihao Yu

May 07, 2021

12:38 GMT

Singapore