Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao, rose to a new record high on Tuesday April 27 with iron ore prices all going up further. The 62% Fe index has been above the previous high of $183.59 per tonne, set in January 2011, since April 20.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $195.31 per tonne, up by $1.73 per tonne
62% Fe low-alumina fines, cfr Qingdao: $196.35 per tonne, up by $1.95 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $168.91 per tonne, up by $0.11 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $227.80 per tonne, up by $0.90 per tonne
62% Fe fines, fot Qingdao: 1,312 yuan per wet metric tonne (
implied 62% Fe China Port Price: $189.19 per dry tonne), up by 9 yuan per wmt.
Key drivers
The rise in iron ore prices has gained support from the current strength of finished steel prices, sources told Fastmarkets on Tuesday.
The most-traded September iron ore futures contract on the...