The price for high-grade seaborne iron ore from Brazil moved up on Thursday April 23, with market participants attributing the rise to persistently strong portside prices for such material, and improving but still constrained supply.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $84.46 per tonne, down by $0.58 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $86 per tonne, down by $0.66 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $73.14 per tonne, down by $1.26 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $102.50 per tonne, up by $2.10 per tonne.
62% Fe fines, fot Qingdao: 674 yuan per wet metric tonne (
implied 62% Fe China Port Price: $87.25 per dry tonne), up by 1 yuan per wmt.
Key drivers
In contrast to the high-grade segment, mid-grade iron ore prices retreated in line with the drop in...