Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao recorded a fresh high at $202.90 per tonne on Thursday March 4 after a trade on the Globalore trading platform.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $177.98 per tonne, up $1.58 per tonne
62% Fe low-alumina fines, cfr Qingdao: $178.07 per tonne, up $1.66 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $164.12 per tonne, up $1.60 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $202.90 per tonne, up $3.20 per tonne
62% Fe fines, fot Qingdao: 1,203 yuan per wet metric tonne (
implied 62% Fe China Port Price: $173.61 per dry tonne), up by 4 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4850 per dry metric tonne unit (dmtu), up $0.0250 per dmtu.
Key drivers
Firmer transacted prices for seaborne iron ore cargoes were likely prompted due to supply...