May 2021

IRON ORE DAILY: Trading platform active but liquidity still weak

Iron ore trading platform Globalore went active with multiple offers and bids on Wednesday May 5 but the liquidity in the seaborne iron ore market was still weak because of the Labor Day holiday in China, which runs May 1-5.

PRICING NOTICE: Launch of spot 65% Fe iron ore pellet premium index quoted over 65% Fe fines

Fastmarkets will, on Friday May 7, launch a new weekly price index for the premium that high-quality 65% Fe blast furnace grade iron ore pellet commands on a spot basis above the 65% Fe Fines index.

PRICING NOTICE: Impurity range amendments for 65% Fe iron ore blast furnace pellet index

Fastmarkets is adjusting the impurity ranges for its 65% Fe iron ore blast furnace pellet index from Friday May 7.

IRON ORE DAILY: Liquidity limited despite active bids

Liquidity in the seaborne iron ore market remained weak on Tuesday May 4 due to the Labor Day holiday in China (May 1-5) despite several active bids on trading platforms, sources said.

Tombador Iron aims to start iron ore lump production by end of Q2

Australia-listed Tombador Iron Limited has been granted a mining concession for the Tombador project in Brazil’s Bahia state by the country’s Ministry of Mines and Energy and expects to begin production in the current quarter.

Brazilian iron ore exports up nearly 7.5% in April

Brazil's iron ore exports increased by 7.49% in April versus the same month in 2020, according to data from the country's economy ministry published on Monday May 3, with Vale's operations beginning to ramp up production.

IRON ORE DAILY: Market quiet amid Chinese holiday

Seaborne iron ore prices were flat on Monday May 3 amid limited trading activity due to the Labor Day holiday in China from May 1-5.

Chinese mill margins supporting seaborne iron ore pellet, concentrate prices

Seaborne iron ore pellet and concentrate prices rose further in the week ended Friday April 30, with healthy mill margins stimulating steelmakers’ appetite for high-grade steelmaking raw materials.