Iron ore Carajas (IOCJ) and Brazilian blended fines (BRBF) transactions took place at higher prices on Friday January 17, in anticipation of limited supplies of both brands in February-March, traders told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $97.58 per tonne, up $1.22 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $96.62 per tonne, up $1.22 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $98.10 per tonne, up $0.90 per tonne.
58% Fe fines high-premium, cfr Qingdao: $82.85 per tonne, up $1.07 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $110.70 up $1.50 per tonne.
62% Fe fines, fot Qingdao: 700 yuan per wet metric tonne (
implied 62% Fe China Port Price: $93.34 per dry tonne), unchanged.
Key drivers
In the spot market, a cargo of IOCJ was transacted on the Global Ore trading platform at a firmer price, up $0.70 per tonne cfr from $110 per tonne cfr on Tuesday. In addition, a cargo of BRBF also exchanged hands on the...